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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (7242)2/7/2000 7:51:00 AM
From: sammaster  Read Replies (1) | Respond to of 42523
 
this market is all screwed up because of hedging....
people were long euro/short us dollar....this is blowing up and the dollar is rocketing from short covering
people short long bond...blowup= long bond up
gold HEAVILY shorted...blowup= gold goes up

gold going up from short coverers...people who know there are shorts so punish them by buying heavily...flight to safety....
overall gold market is small so even if a small amount of money heads its way from the debt market then gold going to the MOON...

samir