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 : Strictly: Drilling II
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jimsioi who wrote (19601)9/27/2002 11:13:27 PM
From: Little Joe  Read Replies (2) of 36161
 
Jim:

Looked at the chart and unless I am just reading it wrong I can't see where they are so prescient. I agree that what you say makes sense, but the chart doesn't appear to correlate. Years ago I subscribed to a newsletter called bullish consensus which analyzed these numbers in great detail and if he was right he took credit for having called it and if the commercials called it wrong he had a name for the signal that gave, which of course was in the opposite direction and he declared himself right. The way I saw it in his view no matter which way the market went he was right. I have looked at these numbers off and on and I am not sure anyone can show a high correlation between what the commercials do and the price, with the possible exception of the S&P, which I have never studied but have heard the comms are reliabe at the extremes at least.

I am by the way not a short term or necessarily medium term bull on gold or silver. If you review my posts I think the jury is out on the short to medium term and for that matter on the long term, but, if I were forced to take a position on the long term I would be bullish. I think the charts are showing a massive bottom being formed. As long as the current consolidation formations are not breached to the downside, the long term has to be up. In summary, I guess I am saying that I don't give a lot of weight to the committments data. I could be wrong and hope to be proven wrong. There is nothing I would want more is another reliable indicator in my quiver of market tools.

Little joe
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