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To: yard_man who wrote (262036)9/26/2003 5:01:28 PM
From: maceng2  Read Replies (1) | Respond to of 436258
 
It sounds to me as if he himself has used margin to make his 100's of $mils on various gold investments. I'm impressed of course, but what is his real goal here?? to enrich himself further or to break the cartel? I don't think it's possible to both when margin is also used. Then he says...

1/ The gold advisers that issue sell recommendations at specific prices or at specific TA points rather than advising sales into strength as items approach these areas or lose their internal strength, are greater enemies to this Community than the Cartel ever was. They may well be master technicians but they are clueless concerning how markets perform.

It is this type of advice that produced the conditions of the last two weeks and the action in gold yesterday. They are so clueless that this comment will get them livid and that is sad because a Community can’t all exit at the same time.


If margin is used in Gold investments, an already volatile commodity will become more volatile and more investors will get burned in it, thus putting off many who might otherwise be attracted to it.

Mind you, he is also pointing out obvious facts to be considered in any market. If several well thought of analysts say "sell" well... guess what happens ... big surprise -g-