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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 217.15-2.5%Nov 20 3:59 PM EST

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To: GST who wrote (110504)10/15/2000 6:39:48 PM
From: Victor Lazlo  Read Replies (1) of 164684
 
<<And as for the "glut" that is huey. There is NO gold glut -- >>

GST the gold glut continues. Why do you think producers can barely get it out of the ground and processed for the current price, never mind get it into consumers hands?

<<the stuff in the central banks and the gold in the ground is already sold. >>
I see it like a stock where the insiders have now sold all their shares, and the public float has balooned quite a bit, tipping the supply/demand equation dramatically. That plus the fact that gold is no longer an inflation hedge, well there's no point that i can see in putting any capital in it. I know you see it differently, as you are always predicting doomesday.

<<If financial assets fall from their perch, the gold-shorts will go out of their minds trying to cover. >

nope, not true. gold is in glut territory.
Vicctor
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