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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: futures speculator who wrote (36708)	7/22/2005 6:41:41 PM
From: mishedlo	Respond to of 110194

I don't understand the point you're trying to make. I think he was poking fun at himself and/or suggesting to not get caught up in the hype as others have. Mish

To: futures speculator who wrote (36708)	7/23/2005 3:29:39 PM
From: ild	Read Replies (2) \| Respond to of 110194

FS, <<<As far as I'm concerned, the gold market is managed / manipulated in the most obvious way. Central Banks seem to think doing it's part of their mission. >>> I disagree. I don't think CBs care about POG, at least not yet. All markets are manipulated short term. <<<As for zero-sum game (not that it has something to do with gold or currencies in particular), I keep reading it for years.>>> The nature of futures trading (or equity option trading) is that the number of long contracts always exactly matches to the number of short contracts, so it's zero sum game. I watch COTs to learn two things. First when speculators aggregate position becomes too big then violent correction is to be expected in short/mid term future. Second I see how moves in POG correlate with moves in open positions. I.e. speculators bought 30K contracts and POG moved up $3 vs. speculators bought 30K contracts and POG moved up $30. I mentioned gold-eagle web site because I liked to read it when I started my gold investment and I found it to be detrimental to my portfolio, so I made a rule not to read it. Good luck.