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To: ild who wrote (209844)12/16/2002 6:25:49 PM
From: B.REVERE  Read Replies (2) | Respond to of 436258
 
Thanks for the article. It's good to see that there are still doubters about this move. Means we're going higher.



To: ild who wrote (209844)12/16/2002 6:28:22 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
let's see -- where was the price of gold in Dec 2001?

QUESTION: What would it take for you to turn bullish on gold and its shares? ANSWER: I am primarily looking for commercials to go at least slightly net long COMEX gold futures, as they did in December 2001. As long as there remains a concentration of stale speculator long positions, there also remains the accompanying risk of a sharp drop in the price of gold as a cascade of sell stops are triggered, and these longs are flushed out. Commercials are currently at an unusually extreme net short position, so caution is advised at the present time. Once these stale longs are gone, there will be no technical impediment to a rally. In addition, such a decline in the gold price will likely be accompanied by the essential skepticism toward any financial asset that often marks a good buying point.



To: ild who wrote (209844)12/16/2002 10:34:54 PM
From: Broken_Clock  Read Replies (1) | Respond to of 436258
 
I read kaplan for a couple years at least. When he threw in the towel on gold and shut down his other site the bear ended and it's been AU on the upswing ever since. Kaplan gives 0 credibility to gold manipulation. That, IMO is ridiculous, at face value. Even a true sceptic would have to give at least a 10% chance of manipulation, given the anecdotal(and otherwise) evidence.

Check out the DXY tonight. it's breaking down below 104. Next stop 102 and AU to 340.