Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: jrhana who wrote (20108)	10/11/2002 12:23:23 AM
From: SliderOnTheBlack	of 36161

jrhana re: [". Could today have been example of a previously discussed theme? That the short sellers (JPM etc) are trying to cover/hedge their shorts by buying the stocks. After driving the metal down a few bucks, they plunged in and bought the stocks cheap. Too little, too late?"] ...I think to some degree on a regular basis we're going to see this...JPM is getting hammered from so many angles...that internally they've got to realize that they can not take any gambles on Gold spiking and triggering a derivative crisis for them... with War in Iraq looming and only a bio, or dirty nuke scud in Israel needed to create a global panic and "possible" Gold event... they've got to consider going long the levered mining stocks as part of hedge in unwinding their positions imho.

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