Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: scotty who wrote (31532)	10/26/1999 10:17:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 99985

Every month, around 5 business days before the end of the month. Futures contracts have a close out session. OFTEN this results in over valued spot commodities getting sold down in what are called liquidation close out trades. Once they cascade, the down draft can be fast. EVERY month for the last 2 years with only a few exceptions has resulted in a large drop in gold. $3.00 have been normal. Last month it ended in an upward rally... Either way. When COMEX options terminate trade for OCT on Oct 27, and when first notice date starts for NOV on Oct 29. That is when you count the trend. But the OTC options are huge for the gold sector this month. And many are offset equally by OTC equity options. So you are in what can best be described as a neutral hedge. The gold investors have nicely played into the hedge funds hands. nymex.com Hutch Profitable trading to you, UNLESS you are against my trades. <grin> Aint it a full moon? Woops Oct 24.