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To: Broken_Clock who wrote (1314)	6/28/2000 7:33:00 PM
From: patron_anejo_por_favor	Respond to of 436258

Fleck had a good riff on Old Yeller and the PGM's also in the Rap today. A taste: The karat and the stick. . . Away from stocks, it was interesting to note that the yellow dog was barking today. Sources at the Comex tell me that JP Morgan, which has until now been very bearish on gold, issued a bullish opinion that was apparently technically based, but did talk about the potential for an explosive rally. These are not exactly the kind of words that have been on people's lips over there in recent memory. As anyone following the gold market knows, Morgan has been wildly bearish. Another more-informed source told me that today's action had more to do with changes in hedging and reserve policy in South Africa. Details at the moment are sketchy, so stay tuned. Gold did finish at its best level in some time, up $6.80 to just over $294 an ounce. JPM said WHAT! I don't believe it for a second, unless they've been surreptitiously unwound their derivative positions...which is impossible, because if they had, the PoG would be over $400 by now.