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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.03

+2.1%

Jan 23 4:00 PM EST

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To: AC Flyer who wrote (69017)	5/10/2001 8:39:37 AM
From: russwinter	Read Replies (2) of 116915

Actually some of my prescience has to be based on SWAG, there is no other choice given everyone's inability to know what's going on behind the scenes day to day. That's why I hesitate to make short term market direction calls. I can only tell you I am big time long, and mostly in leveraged quality juniors. I think many seniors (your XAU question)are vulnerable and overpriced. Basically though you have some very stressed players involved in the immense short side of this market. My wife actually came up with the best analogy to describe the situation. She called it "Heritage USA", for Jim Bakker's attempt at "accelerated supply" and selling something you can never deliver. The gold market short sale and carry trade is the biggest Jim Bakker Heritage USA scam on the planet. I think those involved will meet a similar fate.

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