Gold graphs heading due south... : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Gold plummeting... $313 and spiralling! Buy now! Hurry Hurry Hurry! Only a few hundred tons left!!!

-- Just because (you@haven't.any), October 06, 1999


Check again big boy. Markets fluctuate. If you monitor gold forums you would know most bugs are expecting a pull back to $290.00 or so before the next wave.

-- goldbug (, October 06, 1999.

Just Because,

"Just because" you have no clue, doesn't mean we don't... You obviously have never dealt in markets before. They go up, they go down... Sometimes the ride is wild, sometimes the ride is utterly boring.

Ain't it great?

I normally don't yak with trolls, but for you, I will make an exception...

I expect the upper resistance for gold is about $360. Lower would be about $290. It can float in those ranges all it wants. I am in for the long term.

So a name like Just Because... because you can, does not mean you should. It is like the old saying any old dick can be a father, but it takes a real man to be a dad...

growlin' at the narrow mind....

The Dog

-- Dog (Desert, October 06, 1999.


CFTC Report

As of Sept. 21, hedge funds and other speculators had sold 65,077 gold futures contracts on the Comex, 2.4 times the number of futures they'd bought. Another report Friday from the Commodity Futures Trading Commission will show by how much the ``short'' positions have been reduced by buying.

``That's going to be one of the most widely anticipated CFTC reports for years,'' said Tyree.

The cost of borrowing gold for one month was recently at an annual rate of 4.02 percent, down from 4.81 percent yesterday. The one-month lease rate on Sept. 29 rose to 9.93 percent, which traders said was the highest ever.

-- Bill P (, October 06, 1999.

Last check was at $329 at 8:15 ET. Looking Good...

-- Gia (, October 06, 1999.

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