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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (14054)5/17/2004 11:16:42 AM
From: ild  Read Replies (2) of 110194
 
Date: Mon May 17 2004 10:40
trotsky (frustrated@dollar/XAU relationship) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
i actually disagree, on the grounds that gold stocks tend to lead gold, while gold tends to lead the dollar. when reactions occur in coincident fashion, as they have recently done ( i.e., gold and gold stocks only 'react' by popping when the dollar has a weak day ) , then the foundation of the moves is not solid.
btw., i didn't care so much about the 'good' CoT report...it's fine that the specs have liquidated long positions, but i don't want to see them adding a lot to shorts. that would signify an important psychological change in the market, from wanting to play it to the upside to beginning to play the downside. of course one week's report isn't the end of the world.
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