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

To: Ahda who wrote (61834)	12/8/2000 12:52:41 PM
From: Rarebird	Read Replies (1) \| Respond to of 116756

<How great are the chances of short covering causing some of these shifts?> The speculators had been very short gold futures. They still are somewhat. The Commercials are short S@P Futures. They may cover, propelling the S@P higher. Or, maybe the S@P has much further to fall? It makes no sense to me to short gold futures at this point, not with Greenspan about to embark on a series of rate cuts in 2001. The longer it takes for Greenspan to start easing, the better for Gold over the intermediate term. Whatever happened to Ken Benes?