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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Oeconomicus who wrote (143146)	6/18/2002 9:53:28 PM
From: GST	Read Replies (1) of 164684

"Your basis for being bullish on gold is no more sound than that of a bubblonian buying Cisco" That is correct -- except for the fact that there are these people out there who look like they are increasing their desire to own gold while the existing supply is already pre-sold. Miners and speculators will be forced to cover a large short position. The supply/demand balance for gold looks favorable and has nothing to do with any metric concerning gold itself -- other than it is positional. Tech stocks were only positional so long as supply was constrained -- the IPO market wrecked the supply shortage and the bubble burst.

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