Markets are from day to day only exercises in human behavior. The gold market is a supreme exercise in how even a professional public works.

Last week someone yelled, "Fire in Gold’s theater," and then in the middle of the stampede, someone looked back saying, "There is no fire." His words were drowned out in the din of the panic to all get out through two little doors. All the big high frequency trading computers were ablaze with the cry of "Front run the sellers in stampede, front run the sellers in stampede."

… Regardless, Mr. G yelled loudly while hitting a chime and ringing a bell all the time while dancing in circles, and said, "There must be fire because everyone is running. Look! The crowd is in tatters!"…

Back in the theater only a few calmly remained. Strangely, with such statements, chimes, bells, dancing and proclamation there is no smoke to be seen anywhere in the theater.

Those remaining are the Sitting Bulls.

Suddenly there was a rush back by paying theater clients that had not been injured in exodus to return to their seat for the rest of the movie. Unfortunately their chairs had been destroyed in the stampede out and they had to pay an additional fee for a tattered rug to sit on.

The movie is called "The Life and Times of Jesse Livermore."

See: http://www.jsmineset.com/