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

To: Claude Cormier who wrote (46992)	12/11/2005 11:14:45 PM
From: LLCF	Read Replies (3) \| Respond to of 110194

What you see happening in gold is typical of any bull move in anything {or as Jesse Livermore was quoted in "Reminiscences of a Stock Operator" in about 20 different ways: "The stock was acting the right way to make one want to be long". Gold's moves up have become larger as sellers run out of AMO... in the beginning longs sick and tired of waiting for rallies sold into the moves gladly. Moves back down were greated with more selling as those types feared missing a selling opportunity. Slowly, the rallies lasted longer, and sell offs came more from liquidating spec longs, and less from 'real' longs... creating quick sharp looking sell offs but of short duration and quick recovery. Expect this trend (described) to continue... sell offs will 'look' sharper so look at % moves (unlike those claiming POG has had some unreasonalbe move up already... the rally in POG over the past year or so is NOT even close to a huge move). Where is it going over the next month or two? Who knows, who cares? DAK