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Strategies & Market Trends : Strictly: Drilling II
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To: gold$10k who wrote (6400)1/12/2002 8:09:25 AM
From: Crimson Ghost  Read Replies (2) of 36161
 
With very bad COT numbers, low lease rates, and an impending auction, the gold complex should drop sharply soon, IF the rules of of the past 7 years still apply. But if these rules are no longer operative, we could see a big jump in short order.

POG and the XAU cannot remain where they are for more than a few days IMHO. A big move is coming shortly. My guess is a severe shakeout followed by a surge. But anything can happen in this market.
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