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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (13612)	8/24/2000 2:53:18 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

i think it's a trap...remember the COT's on silver and gold i posted recently? the funds and small traders are getting increasingly short in gold, and are liquidating long positions in silver...actually in silver there's the peculiarity that the commercials are rarely net long, but they haven't reduced their short position as sharply as now in a long time. the market is laboring under rumors over Chinese supply..probably way overblown. it all hinges on the dollar imo...if the Euro wakes up, the PM's will too...in any case we're coming into the seasonally favorable period for gold. my guess is that any further weakness is probably a buying opportunity, as the commercials tend to position themselves a bit early most of the time. the Swiss Franc is showing some life lately...that's a positive factor if it continues.