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: menanna who wrote (26592)	1/25/2003 1:10:45 PM
From: ItsAllCyclical	Respond to of 36161

Another good read from Sinclair on gold/war/markets/elliot waves. financialsense.com

To: menanna who wrote (26592)	1/25/2003 1:10:49 PM
From: Duane L. Olson	Respond to of 36161

A.M....thanks for that post.... might be part of the explanation for the divergence... dlo

To: menanna who wrote (26592)	1/25/2003 1:18:22 PM
From: ItsAllCyclical	Respond to of 36161

>> Shorts attacking gold miners << I think that's a lousy explanation for the divergence in gold vs gold shares. Contributing factor? Maybe a little. Sure a few like DROOY have gone massively up, but for the most part short interest has stayed level from mid Dec to mid Jan. In some cases it went down slightly, in others up slightly. nasdaq.com In the case of DROOY there are some who believe some funky accounting may be going on there. KGC is obvious as many arbs buy ECO and TVX and hedge by shorting KGC. Given the average daily volume on these shares the short interest alone would not suffice to keep these shares from rising. In order to surpress the HUI we'd have to see MASSIVE shorting similar to DROOY in every HUI issue. Not happening. It's one thing to suppress an individual company by shorting...it's quite another to suppress an entire sector. Very poor writing imho. I think Sinclair and other's have done a much better job at explaining the divergence.