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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: marginmike who wrote (194317)9/30/2002 11:52:18 AM
From: orkrious  Read Replies (2) of 436258
 
I think shorting the golds here is a no brainer

I've sold a little of my longs, and you're right, the gold shares don't act well. My FWIW guess is that too many people have been burned, and they don't think it's going to go higher. The real reason for the weakness probably is what someone somewhere said a month or two ago. One day gold is going to break through 325 and leave a lot of people behind. The same thing will happen at 330.

when that happens absolutely everyone is going to be scrambling, chasing them higher.
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