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 : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Square_Dealings who wrote (21939)	11/15/2002 5:27:12 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

Yes Mike, we're LT gold bulls here.<g> But, we like to examine a variety of evidence. As everyone here has learned, sometimes the hard way, there are significant corrections AWA longer rally phases in every bull market. And for those who like to trade the major intermediate runs vs just buy and hold for years, our versatile mix of posters offer a variety of information and opinions. We are fortunate to have contributors here with some advanced analytical skills in vastly different areas that give this thread a big edge over almost any other SI discussion forum. My limited time is quickly depleted <ng> trying to shed a little light on FED activity & monetary conditions, the energy sector (NG in particular) and - once in awhile - some big picture conceptual posts. Jims101 and I have taken turns talking about the COTs this year. Watching trends in commercial trading is ONE...JUST ONE of many indicators that are worth tracking. Direction of multi-week trends are significant. But..... *ONLY EXTREMES in net shorts are a sell signal** IMHO, we're NOT at an extreme bearish reading yet. But it's getting close and commercial shorting has been increasing in the past few weeks with a large net increase today. So yes, maybe a more strength first. But then we could have another sharp ST gold selloff sometime next week. But, to get a more important Intermediate Term sell signal? I'd want to see net commercial shorts up around 90,000 contracts or more, preferably on expanding open interest. That, of course, remains to be seen. Mike, I've been through probably a half dozen discussions in the past several years where the same facts about the track record of commercial vs speculators are presented. Understandably, on a public discussion forum, there'll always be some folks that aren't interested in anything that doesn't promote their heavy long positions. But SD II was created so that well expressed contrarian posts would be encouraged. And we've had a lot of success with that. Why don't you put together a post and share some of the analytical tools that have helped you become a better trader? TIA. Best regards, Isopatch