SI
SI
discoversearch

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 : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (33810)5/14/1999 1:23:00 AM
From: ahhaha  Respond to of 116785
 
Isn't this the gold price monitor? If I was short, I sure would want to get off the short side. The price broke out downward on the BOE news and it should be continuing downward, but it isn't. It's slowing and scalloping. The selling is running out of gas. It looks like a parabola. I've been a pro trader for 30 years and maybe I wouldn't buy gold, but I sure wouldn't hold short at this point.

The downside in anything has to go and keep on going; it can't slow down and smell the roses or if it does, I'm not there. I wouldn't care who was doing what. I'd get the hell off the short side and watch looking for a little more upside for a contrarian jump on the long side.

Wonder what mining company hedgers are thinking? Delivery locked in at 300 when the price opens at 325? No one 'splained it to me that way. You mean I'd have to protect my lock by buying? Hope no one else thinks of that. Fortunately, the locks are protected by the manipulators. If not, heads will roll.