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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.26-0.5%2:24 PM EST
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To: H James Morris who wrote (125288)5/19/2001 12:33:22 PM
From: craig crawford  Read Replies (1) of 164684
 
>Speculators who had "shorted" gold, betting on lower prices, now are rushing to buy the metal to close out their positions.
"It is the speculators who sold gold short who are mainly covering to minimize losses," said Heinz Thoma, analyst at Global Strategic Management in Annapolis, Md.<

Isn't that always the case? Most every rally off a bottom starts with short-covering.
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