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

To: bart13 who wrote (69726)	9/13/2006 7:11:38 PM
From: orkrious	Read Replies (1) \| Respond to of 110194

I hope this comes across ok, but I'd hardly call the selling pressure on the COMEX little reason. I'm not sure what you are trying to show. Regardless, my point was about the miners/HUI, which crushed people in four days (17% for me). That's bull market kind of action (unless of course we're at the apex, about to go from a bull to a bear <g>).

To: bart13 who wrote (69726)	9/13/2006 8:42:02 PM
From: basho	Read Replies (1) \| Respond to of 110194

Bart, I think you'll find that those changes in contango are primarily due to two factors: 1) As the gold price changes, the forward price differentials will also change as the relevant interest rates are in effect applied to an altering principal.That's why -- when adjusted as you've done -- they'll appear to track gold price movements. 2) Changes in interest rates (for both the dollar and gold) will also of course have an effect, albeit generally a much smaller one.