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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: nspolar who wrote (4833)4/24/2004 8:58:51 PM
From: jimsioi  Read Replies (1) | Respond to of 60918
 
nspolar, on the same page with you...

Know that's troubling...lol.

What amuses me is that JS is, as you suggest, about as silent as a mute mouse when it comes to selling into strength....we read after the fact that's what he has done, and for all I know may have.

I do however tend to agree he's on the mark with his first most recent paragraph...

"The last nine trading sessions add up to a grandstand attempt by COT professionals (using their pals at the Central Bank of France and Switzerland) to depress the gold price so they can reverse their losing gold short positions to long positions."

This appears well represented by the COT action of the last several weeks....BIG increase in net short position at $430 when things looked like they would get carried away and an equally large reduction in the last reporting period as gold fell below $400.

Will be interested to see if the Japanese did in fact buy some gold...Hope so, like to see some CB show some sense...

If we have a protracted sideways to down move in the PM related as at least one EWaver referenced here suggested, and Livobit (Nightly Business Report) seems to have also forecast in his volume studies, then I wouldn't be surprised to see the commercials get almost flat....Would that ever be the time to buy.....