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To: pater tenebrarum who wrote (37449)6/2/2000 4:35:00 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 42523
 
<<unless the stocks move higher into the close, i'd say they confirm my suspicion that there will be one more pullback. but who knows...most certainly no-one but us expected a rally in the PoG. the bullish consensus was at a multi year low recently. it could just keep melting up and force the carry traders into covering. i'm looking forward to that day...>>

Hmm, given the action in the POG and in JPM's stock, might be time to short JPM. If we get a serious melt up/squeeze in gold, it should start to unwind their huge derivative position, and they're expensive right now anyways. Your thoughts?