Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: hank2010 who wrote (26458)	11/28/2006 5:19:27 PM
From: heinz44	Read Replies (1) of 78419

Hank.................................my friend, how is CDY coming? I am still awaiting your thoughts. Gold is near three-month highs… the dollar is near 18-month lows… and the gold bugs are howling for $1,000 gold again. What’s getting almost no press is the 22% rise in the price of silver since October 1… a rise that Steve predicted in our October 30 edition. In that edition, we passed on Jason Geopfert’s (www.sentimentrader.com) observations on the low levels of speculation in silver market on the part of hedge funds. Specifically, Jason said, “Large speculators [hedge funds] in silver are holding only 29% of all long positions… That is their smallest position since 1996…” Many of these hedge funds rely on trend-following computer programs to tell them when to trade… and when a trend gets started, their huge buying power can help turn a small rally into a large one. Things could get wild in silver… Daily Wealth

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