Mish's Global Economic Trend Analysis 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.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: redfish who wrote (6389)	5/14/2004 4:49:43 PM
From: mishedlo	Read Replies (3) of 116555

Gold I believe for the first time in a long time we have the potential for a decent rally here. Sentiment has really turned in one week. Not saying it WILL happen, only saying that overwhelming bullish sentiment in the face of declines is now gone. Big specs and small specs are both shorting heavily (although net they are quite long). There has been mammoth long liquidation of contracts. In addition, there is finally fuel for a short squeeze. Action today in treasuries and the EURO is supportive for a rally in gold IMO (bear in mind one day does not make a trend) cftc.gov

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next