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.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (16927)	8/16/2003 12:28:29 PM
From: Andrew	Read Replies (3) \| Respond to of 39344

IMO everyone is watching the triangle in earnest. The fact that the gold price can bounce between the upper and lower lines in the span of little more than a week is fascinating to me and I have been charting for 10 years. There is little doubt in my mind that the breakout will be to the upside, The weekly MACD is crossing up, gold stocks are pushing higher, the major indicies are on the verge of rolling over. In other words the commercials may be right and the Gold price must touch the lower line once more, maybe a move to the low 350's first? Its gotta squeeze out one way or the other soon though those lines are gonna touch in a few weeks, lol. My thoughts on the next year for gold... Message 19215631

To: gold$10k who wrote (16927)	8/16/2003 1:30:20 PM
From: jrhana	Respond to of 39344

If they ever come to study this thread as has been suggested, they should go back first to that old SSRI thread where you, jims, crusty, and several others had the most amazing discussions. I used to look forward to coming home (from work or gym), and seeing what you guys had talked about.

To: gold$10k who wrote (16927)	8/16/2003 7:02:29 PM
From: Little Joe	Respond to of 39344

vt: I understand the concept of buying low and selling high, but these guys are on the short side where the motto should be sell high and buy low. I suggest that they have just added to their short position all the way up. Of course if they did that they would be broke. I suspect they have other offsetting positions that are not reported. I can't see how they could still be in business otherwise. My remarks were not intended to be critical of the commercials, but to question the notion that the use of the COT numbers is a reliable way to trade. Little joe