Well, they tanked it today -- so either someone was betting that Iraq wouldn't accept the UN resolution and lost when they did . . . or, they intentionally pumped it up knowing that they would be selling today to support Greenspan's testimony. Since previous patterns are always to sell gold to support the paper anytime Greenspan talks, I'd guess it was more about the congressional hug fest with Sir Alan. All part of the illusion of "things aren't nearly as bad" as all evidence shows it is.
Richard W.
Since previous patterns are always to sell gold to support the paper anytime Greenspan talks, I'd guess it was more about the congressional hug fest with Sir Alan. All part of the illusion of "things aren't nearly as bad" as all evidence shows it is.LOL! BTW, a belated but heartfelt thanks for the following post:
I think that this market is very close to the top of the rally. It just may be prudent to consider selling a little if you are long. Thur. [11/7/02] is looking like a good day. Just my opinion. (posted Monday, 11/4/02)