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

To: TheSlowLane who wrote (38006)	3/9/2006 10:08:33 AM
From: jcpolar	Read Replies (1) \| Respond to of 60928

I'll be in Boulder Colorado this weekend to attend Mr. Ackerman's hidden pivot seminar... his comments today Gold Gets No Respect originally published March 09, 2006 A pen-pal of mine has seized on a source of frustration that continues to vex many of us. To wit, gold and bullion shares sell off savagely in a bull market while the broad stock market rarely fall for more than an hour or two in the midst of a secular bear. “I don’t think there’s any doubt that the market is ready to [collapse],” he writes. “The violence of the sell-off in gold shares indicates that the landscape has changed. Take a look at the chart of Gold Fields Ltd. for the past 5 days. When have you ever seen a stock gap down five days in a row without filling any of the gaps? [Actually, we can’t recall any such instance. Here’s the chart, which shows just how hard GFI shares have been brutalized in the last week]: (Click on chart to enlarge) “That is typical of the entire gold bull. There is much more concern about getting out than getting in, while the stock market can't sell off more than 30 points without a multi-hour attempt to move up. It is quite astounding. Also, ‘tis the season for good sell-offs. I did buy some puts this morning. It's a low risk try, in my opinion.”