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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 386.47

-0.2%

Dec 5 4:00 PM EST

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To: NOW who wrote (12145)	2/23/2008 1:03:34 PM
From: The Vet	Read Replies (2) of 29622

On GLD holdings. IMO the failure of GLD's holding to rise when the POG is hitting new highs has nothing to do with GLD itself but is caused by the piling on of stock market shorts who see the huge demand for GLD stock and are selling into it simply to get cash. GLD is trading almost a billion dollars a day. If the shorts pitch their selling price at just under the price required for the authorised participants to buy and add gold to GLD's depository and make their profit, the short sellers can get almost 100% of the buyers money and not add a single ounce of gold to GLD. Shorts do not have to deal in real metal, just paper promises and the well connected shorts can sell GLD stock in virtually unlimited quantities and gain huge amounts of cash for their coffers at zero outlay and little risk. Thus the demand for GLD stock is met with no market demand for metal and the shorts laugh all the way to the bank (actually they probably are the bank!) The shorts in the current climate are making no statement about the viability of the stocks they are selling. They are simply selling into demand and liquidity. Anything to get cash!

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