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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: paul ross who wrote (95975)	9/26/2003 10:01:49 AM
From: Real Man	Read Replies (1) \| Respond to of 116768

"The buying interest has again been largely from the professionals, both speculators and longer-term investors combined, but it was also noted at the start of last week that physical buyers had reappeared and were providing support for the market in the low $370s, suggesting that they were becoming accustomed to the higher range. Early on in the week, there were attempts to pressure the market through support points, but the physical interest and some investment-oriented bargain hunters prevented this, and the subsequent turn in trend may have extended the size and / or speed of the upward move, as shorts were covered in. Having rallied this far, the market is now facing sizeable selling orders at and above the highs, which coincide with the highs for the year-to date, registered in February, at $388-389/ounce." gold.org I think gold drop is largely expiration-related, and should probably be a 2-day affair.