Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: patron_anejo_por_favor who wrote (3135)	7/23/2003 5:57:51 PM
From: mishedlo	Read Replies (4) of 4904

thestreet.com Gold Bugs Are Getting Feisty By Mike Norman Special to TheStreet.com 07/23/2003 03:58 PM EDT Click here for more stories by Mike Norman I've been getting bombarded by emails today from gold bugs who are crawling out of the woodwork as a result of this mild short-covering rally. I haven't changed my views on gold; in fact, my long list of bearish factors has just gotten longer. You can now add rising bond yields to that list, which also includes: * Rising production. * Declining jewelry-related demand. * Resumed hedging. * Reduced geopolitical influences. * Rebounding equity markets. * Dollar rally to resume after brief correction. These factors will eventually turn gold and gold stocks lower. I am short and remaining that way.

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