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


To: AreWeThereYet who wrote (23875)11/12/2003 12:13:03 PM
From: Andrew  Read Replies (1) | Respond to of 39344
 
I think in the markets (DJIA NASDAQ) the shorts keep getting squeezed and why we get these quick short pops.

soon there will be no shorts and when everybody wants out at the same time a no bid freefall.



To: AreWeThereYet who wrote (23875)11/12/2003 1:26:38 PM
From: tyc:>  Respond to of 39344
 
>>Not strange at all, Gold and general market has been in-sync for a few months now

Yes !

Six months ago gold was $350 and S&P500 was $940. It took 2.68 oz to buy the S&P500.

Today Gold is 395 and S&P500 is 1055. It takes 2.67 oz to buy the S&P500.