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

To: TheSlowLane who wrote (35729)	12/16/2005 1:17:52 AM
From: Eva	Read Replies (1) \| Respond to of 60914

Confusing indeed, looks to me like too many trees in the forrest: Date: Fri Dec 16 2005 01:43 trotsky (@gold's overnight fall) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved this should actually not be too big a surprise. with TOCOM limit down over the past two or three sessions, longs in Japan have not had a chance to liquidate yet. i would therefore argue that the overnight trading is not necessarily indicative of how tomorrow's open in European trading and NY will look. however, even if prices continue to be weak, it won't necessarily mean that this is the beginning of an intermediate term ( weeks ) correction. when crude oil first blew away the 40 mark, it quickly rose to 42.50 , only to fall back again just as quickly to 38.something. from there it then proceeded to rise almost without interruption to the next short term high at 49. this was no less volatile than the current gold market is. similarly to the recent action in the gold stocks, the oil stocks also seemd to ingore this volatility to a surprising extent. the reason in both cases seems to be the lack of public participation in these markets. in short, the conspicuous absence of small traders ( the current evidence in gold is: small spec net long position at the COMEX near a 4 year low, and money flows in the Rydex pm fund back at where they were in May ) . the situation can probably only be properly judged in a week's time or so - the major concern here is the fact that the gold/CRB ratio is falling at the moment. it normally correlates very well with the HUI index.

To: TheSlowLane who wrote (35729)	12/16/2005 2:53:49 AM
From: NOW	Read Replies (1) \| Respond to of 60914

that article: to base a pattern on two prior episodes in a bear seems lame: maybe they have more data they are not sharing

To: TheSlowLane who wrote (35729)	12/16/2005 8:17:03 AM
From: SwampDogg	Respond to of 60914

Until major TLs are broken I will remain a bull. Sinclair is making more sense that anybody else lately. His point about new players in the gold market that may not be used to its small size is important. The notion that hedge funds that have made a lot of money in energy moving over to the gold market is an interesting one. Certainly would explain the volatility. Love how OPEC is boosting demand forecast this morning after talking about cutting production earlier this week. Don't think one can put a lot of trust in what one hears day to day. Now we are hearing about low demand for gold lol Kitco looks busted. Huge reveral in London