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Alright, let's get the gold market straight...


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#1 TrillionDollarMan

TrillionDollarMan

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Posted 11 December 2003 - 10:37 PM

Issues: FAMOUS "81 day cycle" hit to the day ex-one, on 11/6/03 on XAU -- not on gold contract -- if you go back to XAU trough after 6/4/02 high in XAU, gold contract, etc. Ord traded on it, and it was a doggone good trade. Stan doesn't say the cycle is on the XAU, he says it's on the gold contract. So, therefore we now need to track a separate 81 day cycle for the gold contract, XAU, HUI, and any other gold-related issue we follow? Gold seems to respond to the USD$, and the dollar seems to want to stop crashing...maybe... Gold stocks used to move counter to "regular" stocks (neg. beta), but that relationship seems to be overshadowed by the dollar relationship this year ..making it look like gold stocks do move with other stocks, but they probably don't. Who among you therefore, knows how to correctly time gold and gold stock trading? Oh, and by the way....top, bottom, or sideways as of today in gold stocks? TDM