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.
Pastimes : Clown-Free Zone... sorry, no clowns allowed
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ild who wrote (209844)12/16/2002 6:28:22 PM
From: yard_man  Read Replies (1) of 436258
 
let's see -- where was the price of gold in Dec 2001?

QUESTION: What would it take for you to turn bullish on gold and its shares? ANSWER: I am primarily looking for commercials to go at least slightly net long COMEX gold futures, as they did in December 2001. As long as there remains a concentration of stale speculator long positions, there also remains the accompanying risk of a sharp drop in the price of gold as a cascade of sell stops are triggered, and these longs are flushed out. Commercials are currently at an unusually extreme net short position, so caution is advised at the present time. Once these stale longs are gone, there will be no technical impediment to a rally. In addition, such a decline in the gold price will likely be accompanied by the essential skepticism toward any financial asset that often marks a good buying point.
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