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: TrueScouse who wrote (25680)	12/17/2003 10:40:39 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 39344

Howy, not sure either of a PoG correction. Am watching the open interest, and this one is flat for weeks around 275-280K contracts. With almost 200k on the Feb futures. First notice (of delivery) beeing end of Jan, the shorts have almost 6 weeks to rollover or be assigned to deliver. Has been the case for the Dec futes, and I doubt this mass of contracts will be rolled for paper once again. As it takes or two weeks, this puts me towards mid-Jan for a shorts squeeze as apparently the longs are in strong hands. So, four weeks to manage a knee-jerk correction from these levels. Not saying it won't happen, but with the holidays shortened weeks in between, a bit short of time. Was expecting a correction to load the boat before X-Mas, well ... misses that one also. <g> Maybe the commercial shorts have hedged with being long the Euro <ggg> and they could be safe already. In that case, no shorts squeeze. Disturbing is that the 10-Yr T notes are bullsih (yields bearish): this does not fits in a Dollar tanking/gold rising scenario. stockcharts.com[w,a]daclyyay[pb50!b100!b200!d20,2][vc60][iut!Ll14!Lo14!Ld20]&pref=G