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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 225.20+2.1%1:13 PM EST

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To: John Donahoe who wrote (78864)9/28/1999 11:04:00 PM
From: GST  Read Replies (2) of 164684
 
John -- In my view, Kudlow used gold as a way to soothe frayed nerves by repeatedly cooing "everything is going to be fine -- look at the price of gold, there is no threat to current market valuations". Now we have gold jumping all over the place and now he wants to tell you not to worry about gold as an indicator -- well it never was and it was bogus of him to use it in the first place. Gold is NOT moving based on inflation. It was the most oversold, manipulated market known to mankind. The central banks have said that is over now -- the shorting game is over. He had better get a new mantra fast. Do you know that gold peaked at just under $330 today on an intra-day basis? That is $46 dollars in a single day. He is hoping, no praying, that central bankers will dump some gold to cool the rally before he looks like a complete nit-wit. If we do get some signals that there is inflation in the days ahead -- oh what bad timing for the gold shorts. The rumor mill had the gold market as much as 8,000 tons short going into this squeeze -- imagine trying to cover that position!!! Good luck.
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