Pascal:

Another thought for you guys. It seems to me that the obvious value of the RT model is in knowing *when* trading is happening, whether "when" is defined by time of day, relative price, or (I think more likely) a combination of the two.

It certainly looks like big bullish money is coming in at the very end of down days, and I'm very interested in watching over the next few days (weeks?) to see if that pattern has more predictive value than, say, steady inflow throughout the day. Maybe the pattern is more predictive when missing at end of day on up days (and perhaps entering on the next day's first noticeable, whatever that is, price drop). Data, data, everywhere data.

I think we've all seen that something's going on with big up money at end of day. And it's been happening for several weeks now. Again today. Unfortunately for those of us who remain confidently long, the price increase is yet to happen, but hope springs eternal - and stops protect eternal springs...

Who are these guys? Sovereign buyers of gold? Funds? Who knows. I'm reminded of Butch Cassidy and the Sundance Kid being chased for miles and miles and days and days....Sundance: "Who ARE those guys."

And, like Sundance, we're all getting more than a little annoyed with them...Now that I think about it, I don't like the analogy at all. Let's hope our ending is better.