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: GraceZ who wrote (231711)3/27/2003 5:33:14 PM
From: orkrious  Read Replies (2) of 436258
 
from richard russell tonight:

The following article was sent to me by a friend this morning.

We're about to see some shock and awe in the gold
market," my friend Jay Shartsis told me yesterday. "The
gold shares are about to mount a major advance." Jay, a
successful long-time options trader and occasional
contributor to the "Striking Price" column in Barron's,
tells me that put-buying on many gold shares is soaring.
This contrary indicator reflects widespread bearishness
toward gold stocks, which is a bullish indicator.

- Typically, extreme bearishness precedes strong rallies.
To illustrate his point, Shartsis notes that put-buying on
the XAU Index of gold stocks has reached the highest levels
since last October, immediately prior to a major rally.
Shartsis also notes that put-buying on Newmont Mining is
"the heaviest is has been in several years"...Gold
investors take note!

Russell Comment -- If it happens, you read it here first. If it doesn't happen, you never read it here.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News