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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (35173)	10/4/1999 10:42:00 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 44573

GZ, Re: Gold I don't think we know enough at this time on how this market will play out. There are 20 years of loaning, hedging and selling forward by everyone and their brother. It reminds me of the grain markets in the mid 40's when the farmers were storing grain and were not delivering it to market. We had over 5 years of stored product on our farm. When the market finally broke to the upside the swings were massive "up" "up" "up". It never has traded as low since those years...yes even today. If I were a hedge fund with a billions of $'s I would buy this stuff that glitters and inflict as much pain as I could. <ggg> Joan