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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime

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To: LABMAN who wrote (61172)12/19/2002 7:21:31 AM
From: the Chief  Read Replies (1) of 62347
 
Gold reached a high of 356.00 in Europe as shorts try to cover. This will likley bring those "dastardly" daytraders into the market today as they attempt to ralley gold to "rediculous levels forcing the Asians/Europeans into another short covering ralley overnight tonight.

This could get absolutely "stupidly delightful" as the daytradrs force the POG artifically higher, creating an urge on the Asian side to continue to cover, which in turn cause the price to rise...which causes the DTers to force it haigher again......so and so on....lol
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