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


To: The Vet who wrote (18814)8/30/2003 8:56:57 PM
From: jimsioi  Read Replies (1) | Respond to of 39344
 
The Vet, strong hands among the gold holders?

Perhaps the makeup of the long large speculative position is different this time and they have longer term time horizons than in the past and a willingness to stay....looking at the weekly GOLD chart there seems little doubt of the direction...question is extent. If the commercials just refrain from selling at their recent clip, I'd believe $50-$100 rally is possible from here...If they are forced to cover, which I think is unlikely, then who knows....

Asian markets will certainly be "interesting"....hopefully for those of us wishing to buy on weakness (what little there may be of it prior to a blow off, here) the commercials and their friends will try pressuring the market so show false weakness....

stockcharts.com[m,a]waclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G