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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: accountclosed who wrote (25178)3/14/1999 11:30:00 AM
From: Cynic 2005  Read Replies (2) of 86076
 
I was thinking about BM's post to which ahaha replied. For whatever reason, I thought the drop in short-interest is not at all bad news. BM appears to be too much focussed on the assumption that next major upswing has to come from "short-covering." If you start with this assumption, all you see is conspiracies. OTOH, the drop in short-interest and rise in long positions would indicate that gold dynamics have changed. Hopefully the POG will rise from here on. Of course, ahaha has offered some real reasons whereas mine are simple guess work. Knowing his investment acumen, I will go with my intuition to buy more NEM if it drops further on Monday.
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