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: patron_anejo_por_favor who wrote (193091)	9/21/2002 12:03:16 PM
From: ild	Respond to of 436258

truecontrarian.com - New Steven Kaplan's site Thursday, September 19, 2002: The overall current outlook for gold and its shares has fallen from MODESTLY BULLISH to MODERATELY BEARISH. The pessimism toward gold that was rampant in late July has been replaced by an optimism nearly as pronounced as what was experienced in the spring. Juniors are far outperforming seniors, put buying has all but vanished, and commercials are once again more than 60 thousand contracts net short in COMEX gold futures. I would be more bearish, except that gold share valuations are not as overextended as they were in late May or early June, so they have less to decline in percentage terms. Thursday, September 19, 2002: The traders’ commitments indicator for gold has plummeted from NEUTRAL to SIGNIFICANTLY BEARISH, as commercials have shown a strong eagerness to heavily re-establish short positions at any price above $315 spot, whereas small speculators are again more than 5:1 net long as they were in late May and early June. Thursday, September 19, 2002: The insider stock transaction activity for gold has deteriorated from MODERATELY BEARISH to SIGNIFICANTLY BEARISH, as insider selling by gold mining executives has picked up after a brief interval of insider buying in late July that quickly dried up after share prices rebounded. Thursday, September 19, 2002: The price/volume statistics indicator for gold has worsened from MODESTLY BULLISH to NEUTRAL, as the 200-day moving averages are too far away to be useful as short-term support, while put trading on individual gold mining shares has plummeted, indicating very little fear of a short-term drop in the gold price.