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To: IngotWeTrust who wrote (86488)6/5/2002 6:42:21 PM
From: marek_wojna  Read Replies (2) | Respond to of 116814
 
<<I believe I was the one that stated, and correctly, that the bubble gum zone between $320 and $335 was very nearly impentrable, except for enthusiastic short covering bouts that might reach $345.>>

So what will it take above that? I'm asking because nothing looks that the demand is weaker, supply not growing, recycling Russian rockets cost American taxpayers $1000.000 a piece + cost of building the facility and they cannot even keep the recycled gold from the missiles. No wonder Russians expect record growth in gold production. <g>



To: IngotWeTrust who wrote (86488)6/6/2002 6:58:51 AM
From: ig  Read Replies (1) | Respond to of 116814
 
"...the bubble gum zone between $320 and $335 [is] very nearly impenetrable."

So would it be a good idea to attempt to buy near $320 and sell near $335 -- or are you saying that the entire zone supplies resistance and that therefore the entire zone should generally be sold?

Thx,
ig



To: IngotWeTrust who wrote (86488)6/6/2002 3:05:40 PM
From: marek_wojna  Respond to of 116814
 
<<Hardly. Spread trading using the thin, far out futures contracts as the "long leg" is a strategy as old as the hills. And each of those contracts are delta hedged in the unregulated over the counter market in NY and London.
It means nothing except that you are observing pro's at work.>>

Is todays winner Silver June 02 @ $5.15 work of pro's as well? I like them very much.