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To: Lucretius who wrote (14089)8/28/2000 10:51:35 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
yes, but prior to the gold price explosion, they actually began to liquidate. similarly in '98, they were heavily short spoos in April, then began to cover into July (while staying net short - but the position got smaller) and only thereafter the market tanked.

anyway, get mentally ready for a continuing rally into Sept 12 - the put buyers are at it again, in force. all thinking the low VIX means we have to go down...