Minyan Mailbag: Mother of All Short Squeezes for Gold?

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[rabot10]

Re: Minyan Mailbag: Mother of All Short Squeezes for Gold?

Minyan Mailbag: Mother of All Short Squeezes for Gold?
http://www.minyanville.com/articles/.../index/a/19867

I stopped drinking the koolaid regarding gold and silver - I think that U should take a look at that BS for now. Will go up in the future imho but it can kiss my ass for now!!!!

[metalman]

Re: Minyan Mailbag: Mother of All Short Squeezes for Gold?

Minyan Mailbag: Mother of All Short Squeezes for Gold?
http://www.minyanville.com/articles/.../index/a/19867

whoever wrote that is playing to a gold/silverbug audience. the more inneresting question is the how/when/why of gold and the dow getting married up intraday.

[Guest]

Re: Minyan Mailbag: Mother of All Short Squeezes for Gold?

Ain't gonna be no short squeeze here. It's hooey.

[rdgmail]

Re: Minyan Mailbag: Mother of All Short Squeezes for Gold?

Hasn't gold mostly been rallying WITH stocks for the past month? It rises when stocks rise, and falls less than stocks, or even goes up, when stocks fall. Perhaps the premise on days like today is that if there is justification for higher stock prices (because the economy won't be as bad as the market previously thought? - LOL) there will also be more upward pressure on inflation, oil and gold.

[xtronics]

Re: Minyan Mailbag: Mother of All Short Squeezes for Gold?

The more interesting question is the how/when/why of gold and the dow getting married up intra-day.

Yes - that is very interesting. I'm thinking that the market is oscillating - an unintended consequence of the Feds interventions.

Take a look at the market Year to date:
http://finance.google.com/finance?q=INDEXSP:.INX

After the Feds did their stuff the market is 'ringing' (as we would say in electronics). These big swings up and down do represent money making opportunities.

I'm looking at http://finance.google.com/finance?q=AMEX%3ASRS and to me it looks like a damped oscillation - I'm guessing that the peak and crash might provide one more ride before it settles, but it needs careful watching with time I don't have - and what if the FEDs do more?

Or perhaps the market was up today because the FEDs bought shares? I sure think what they are doing should be open and public.

[metalman]

Re: Minyan Mailbag: Mother of All Short Squeezes for Gold?

I sure think what they are doing should be open and public.

[Nicolasd]

Re: Minyan Mailbag: Mother of All Short Squeezes for Gold?

Hasn't gold mostly been rallying WITH stocks for the past month? It rises when stocks rise, and falls less than stocks, or even goes up, when stocks fall. Perhaps the premise on days like today is that if there is justification for higher stock prices (because the economy won't be as bad as the market previously thought? - LOL) there will also be more upward pressure on inflation, oil and gold.

Me think it is not correlated to stock market but inversly correlated to the
USDX. USD up , gold down , USD down , gold up.

For foreigners like me, this makes the whole deal pretty boring.No big difference trading at $600 if the CAD goes to 70¢ or trading at $950 if the CAD goes back to parity.

[pwcmba]

Re: Minyan Mailbag: Mother of All Short Squeezes for Gold?

ALL USD denominated markets (read stocks and commodities) are tied inversely to the movement of the US dollar. Today, the low in gold, oil and stocks occurred as the dollar made it's high (perhaps double top). We are all now currency traders even if we do not yet know it.