Precious and Base Metal Investing Message Board

STOCKTALK

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.

Gold/Mining/Energy : Precious and Base Metal Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Little Joe who wrote (16924)	8/16/2003 12:05:56 PM
From: gold$10k	Read Replies (3) of 39344

Little Joe, <<The idea that we should trade with the commercials sounds great in theory, but if anyone did that during this gold bull which began at 260, they would be broke by now.>> It was probably 3 or 4 years ago that Jims101 observed (back on Yahoo then) that my trading style was similar to that of the commercials in that I accumulated gold stocks as they got relatively cheaper and gradually sold them as they became relatively more expensive. This has worked quite well. I was up 6% for the last two years of gold's bear market despite initially losing 10% in the 1st 6 months of that period as I was figuring things out. Since the end of 2000, my PF has increased by 256%. IMO, higher COT commercial shorts in the range of previous highs only means that a top may be approaching. If the POG breaks out of its triangle to the upside, history would suggest that the commercials would add even more shorts at the next resistance point. But if that next resistance point is $50 higher, would they actually break with tradition and cover? Only the shadow knows. Regards, vt

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next