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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (24124)	1/30/2003 5:54:46 PM
From: Challo Jeregy	Respond to of 57110

well - forget it then -g- Maybe there is more at the site - I'm goldless though so I don't care - VBG ======================================= edit - here's more - The "Go it Alone" Iraq War Hedge Fund Operations in Gold & Gold Shares The Final Answer to the Million-Dollar Question: Why Are Gold Shares Doing What They Are Doing? by James E. Sinclair January 27, 2003 As the short interest in gold shares started to increase, it was easy to excuse the phenomenon as a product of what occurs in markets when active listed options exist. However, that excuse for the short position now defies itself because the short side of the gold shares so exceed the open interest for the appropriate options for which would apply. Are you totally perplexed by the action of gold, which is robust, and the action of the shares that is debilitated? Have you noticed that when gold strengthens, the shares hit a stone wall? Yes, I know you have, but have you seen the timing of that strange and contradictory occurrence? The answer to what is going on is shouting at you if you have the ability to see the charts in real time on a one-minute bar overlaid as shares over gold. You will see that as gold is being purchased, the shares are being shorted. financialsense.com Black Box Forecasts: "Six hours ahead of its time" Rick Ackerman Trading Notes FULL VERSION for Tuesday January 28, 2003 Useful Idiots We bought back some DROOY shares yesterday, but that was before I even knew about this potential source of nitro-methane fuel for the rally cycle: mips1.net Seems that short sellers have taken a rather keen interest in Durban, boosting their positions in November from an average one million shares to nine million - about one-fifth of the company's float. You've heard the expression "useful idiots"? Well, for those who own DROOY shares, these guys are idiots from heaven -- blessed idiots worthy of our thanks, our praise -- and perhaps even our prayers, which they will need when the stock grabs hold of their scrota. 321gold.com >Short sellers switch attention to Durban Deep By: Tim Wood Posted: 2003/01/22 Wed 16:04 \| © Mineweb 1997-2003 NEW YORK -- Short sellers – investors who borrow stock and sell it immediately with the aim of buying it back at a lower price – have maintained a remarkably consistent overall position against gold stocks irrespective of movements in the gold price. However, they have shuffled their individual interests switching primarily from Placer Dome as it closed its acquisition of AurionGold, to Durban Deep. Another apparent target was Ashanti, which saw a doubling in the bet against it in November. The overall short interest in the senior gold producers, representing five-eighths of the value of global gold equities, has been nearly constant at around 70 million shares. Having averaged less than a million shares short for most of the year, Durban Deep suddenly found the position increased to nearly 9 million shares, or one-fifth of the float, in November. That fell to a sixth of the float in December. The primary beneficiaries are Placer and Harmony, the former breaking out of its flat performance as the “swap” took effect. mips1.net