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


To: gold$10k who wrote (32088)10/20/2011 1:13:53 AM
From: Wade1 Recommendation  Read Replies (1) | Respond to of 48092
 
Very good calls you made. <G>

Just read this from Dan Norcini:

kingworldnews.com

"There are two things worth noting about these computer algorithms that generate this massive buying and selling that is constantly distorting the various markets. First, they do not care what the fundamentals might be in any market that they are programmed to execute orders. Second, they are not programmed to take historical spread relationships into account. In other words, they will push a spread to the point that it is so far out of the historical norm that the markets are continually entering unchartered territory.

This process ends up forcing many of the spreaders out of the trade which then pushes the spread to a point of greater disequilibrium. The only way to describe this type of market action is surreal and extremely violent."

Watched the Enron story on CNBC tonight. What we are experiencing right now is probably 1000x bigger than that play.