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Politics : Ask Michael Burke

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To: GraceZ who wrote (96086)5/31/2002 6:29:56 PM
From: Joan Osland Graffius  Read Replies (1) of 132070
 
Grace,

IMO, the speculator folks that are holding these gold short positions for the last 10 or so years do not have any experience with losing positions except for a couple of short periods. They will probably stay complacent.

The miners are slowly unwinding their positions, a.k.a. AU, NEM, etc. and this should take a few years and there should be upward pressure on the price of gold for a while.

Joan
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