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


To: nspolar who wrote (15280)10/23/2004 4:57:15 PM
From: blind-geezer  Read Replies (3) | Respond to of 60899
 
the reason why I think there will be a move down

1) seasonality - usually it goes down around this time and move higher by the end of the year ...

2) general market weakness - the miners will probably go down with the market if the general market heads down which usually do the month of the election ...

3) commercial - net short over 40%, I don't expect these folks to lose too often or too much ...

4) bullishness of the gold traders (including you, iceman, hee hee hee) and the overbought condition of the miners ...

I expect the weak hands to be shaking out before the huge move ... the down move can be fast and furious for a week or two ... we will just have to wait and see ...