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Technology Stocks : WCOM
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To: tejek who wrote (10591)6/11/2002 2:10:34 PM
From: BEEF JERKEY  Read Replies (2) of 11568
 
I'm heavy into gold myself. See they are recovering a bit today. Hard to say which direction it will go now. Summer is usually an unexciting time for gold however you always have the massive short position created by the bullion banks and hedges.

Paranoia says Central Banks will do everything they can to keep the value of gold low and the value of paper money high. Gold bugs say Central banks have lent all their gold to the bullion banks and that they will have to buy it back at higher prices. No doubt about the massive short position created by hedging however.

I'm overweight (yeah right , 50%) gold right now because if this is the start of another 20 year bull run there is one lotta upside. Hmmmm sorta like WCOM!
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