Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (22554)	9/30/2010 1:36:56 PM
From: Scoobah	1 Recommendation Read Replies (2) \| Respond to of 48092

we can thank the rise of the ETF, the bullion guys had a corner on the market all these years making it too hard for individuals to get into the market. ETF's changed the game, and the banks snoozed over the end of their empire

To: Wade who wrote (22554)	10/1/2010 3:46:27 PM
From: rubbersoul	1 Recommendation Read Replies (1) \| Respond to of 48092

From Norcini: <I think we have solved the mystery of the falling open interest in gold over the last few days. As suspected, it has been the October contract which is the culprit. The total number of contracts still open in there dropped a whopping 5,200 in yesterday’s trade meaning we have seen nearly 23,000 closed out of that month in the last three days time. It is now apparent that the shorts are terrified of delivery issues and are getting out. Because they are NOT ROLLING into the December, they have tipped their hand. This is a most welcome development. We have long stated here at the site that the only way to beat back the short sellers in this market is to force them to either come up with the gold to deliver or refuse to be stampeded and call their bluff. The longs look as if they are doing just that. The result, shorts are running to avoid having to “stand and deliver”.> jsmineset.com