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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (49227)	8/17/2000 8:04:10 PM
From: Jorj X Mckie	Respond to of 63513

Lizzie, I have made this argument several times before. Gold has very limited practical use anymore. And the gold standard is as valid a concept as some of the valuations that were attributed to some of the worthless internet stocks at their peak. But if it goes up...that is all that matters. JXM

To: Lizzie Tudor who wrote (49227)	8/17/2000 8:06:46 PM
From: MulhollandDrive	Respond to of 63513

from what I have read, there is a very large short position in gold and the Central Banks "defend" that position and dump gold on the market when the price begins to rise. I also read from time to time speculation that there could be a short squeeze on gold. The gold market is not transparent like a commodity, (although I think it should be treated as such). I think Jorj is trading it on a technical basis relating to the falling dollar. Gold is so cheap that many mines will have to close or consolidate, imo. Frankly I prefer platinum to gold anyway <gg>