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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Lucretius who wrote (19815)2/16/1999 7:20:00 PM
From: Peter Singleton  Read Replies (2) of 86076
 
Luc,

<Bill, the key is that LTCM had a huge short position in gold as do
others. They have been trying to cover it for months. Today is the
turning point where they have tried to beat it down to new lows so they
can exit....... they have failed. It is OVER. When they are forced to
cover and Goldman goes under.... gold will see $400 in short order and
the dollar will be sold. Obviously US treasury bonds will decline as
foreigners sell, but they should be bought.>

More details, please. How do you know this?

Peter
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