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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (49314)	2/18/2000 2:25:00 PM
From: donald martin	Read Replies (1) \| Respond to of 116759

I know how "recommending against gold while not disclosing your position" fits into your allegations of manipulation. However, being a reasonable person, wouldn't you EXPECT someone who recommends AGAINST gold to be short the stuff? AND, by the same token, wouldn't you expect someone who recommends accumulating gold to have bought some of the stuff themselves? Am I being manipulative if I tell a friend my views of gold and then forget to tell him how much BMG I have? Would you favor banning short selling? I'm sure such a ban would get a lot of support in certain circles, but that wouldn't make the market any more "open". If anything, the existence of short sellers helps spread the wealth in a rising gold market by enabling more people to take economic (as opposed to physical) positions in gold. What it comes down to, I suspect, is that you and I are not the victims of conspiracy amongst a small group of short sellers. We're the victims of momentum traders and the psychology that gives gold a negative demand curve. Just means the rewards will be extra sweet on the way back up.