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

To: long-gone who wrote (56578)	7/20/2000 12:06:25 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 116912

well, it appears there's pretty strong physical demand around the 280 level from what one hears. so aggressively selling that level seems not to be on the agenda. also, several producers have shifted their hedging towards put purchases, which gives the paper gold peddlers a little bit incentive to keep the price above the most popular strikes. that of course means that volatility will continue to decrease, and the price will likely continue to oscillate between 280 (put strike) and 290 (leasing shorts). eventually the break-out from that range will be pretty violent... hopefully it will be in the northern direction. imo a rally that appears to hold above the 300 level would do wonders to re-kindle investment demand.