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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: chainik who wrote (42563)12/10/2005 4:03:28 PM
From: ild  Read Replies (1) | Respond to of 116555
 
Apparently you are trying to find a prefect indicator that gives you 99% reliable buy or sell signals. I'm not aware of any. Please let me know when you find one. -g-

To me Gold COTs are currently neutral.
Rydex PM traders are cautious as they have recently sold a lot of their PM holdings, apparently betting on a correction (exactly as you are).
idorfman.com

Too me it all depends if we are in uptrend or in downtrend. I believe we are in uptrend, so we can stay overbought and become more overbought before a correction happens. My way to trade wiggles is to sell naked puts and covered calls on optionable miners.



To: chainik who wrote (42563)12/10/2005 9:29:13 PM
From: Amark$p  Respond to of 116555
 
The trouble with COMEX Gold COT is that London trades more in a few days than COMEX does in a month...

lbma.org.uk

Of course per Louis comments, much of this London "trading" may be just a mere transfer of gold, i.e. from LockBox A248 to LockBox C322, rather than real trading. Nonetheless, COMEX Gold COT still appears miniscule compared to London LBMA. Thus, may be better to monitor the AM and PM London fixes for clues on price of gold, like Casualtechwatcher on NEM board does...

Just my opinion...