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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (41814)	10/1/1999 4:30:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 116759

hardly. small gold panners and the like are always prone to wishful thinking and the like. What makes you think he has the faintest clue what position the big banks have? just because he and the other gold bugs would like it to be doesn't make it so. I'll repeat my one question; if there is blood in the water and big specs can't deliver then why have one month lease rates settled back to 5-6%? And why did gold close $25 off the high for the week? I've been a professional trader for 20 years and in every real squeeze I've lived through (and there have been many) the market would not correct into a Friday, it would close on an extreme and make the squeezee eat his guts out over the weekend. This market certainly started with a squeeze profile but at the moment it appears as if the pressure has eased somewhat. There still may be a squeeze of sorts under way but it does not appear to me to be trading as if it is a 'massive' squeeze. We shall see. BTW what do you think of the Swiss comment? Henry