SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dave Gore's Trades That Make Sense
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dave Gore who wrote (9443)7/11/2002 5:51:58 PM
From: The Vet  Read Replies (1) of 16631
 
where Gold and Silver are going. Unfortunately on most days they are linked in a converse fashion.

Dave you are right on the inverse link and the need to follow all sectors because of these apparent links. I believe that this inverse linkage is not caused by anything except the huge proportion of hedge funds and short term traders who have gravitated to the gold stocks as being more predictably volatile in direction as trading vehicles.

They heavily short all peaks cover all the dips, run the stops and micro-manage the price to slavishly follow the spot gold price on a minute by minute basis. As the trend is generally up and there are not likely to be shocks in the way of accounting scandals or market demand risk, the gold stocks can be manipulated in a straight forward technical way. This will probably continue until the rest of the market adopts a consistent trend, when the interest in using gold stocks for day trading and hedging will wane and they will trade more on fundamentals.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News