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To: Square_Dealings who wrote (64747)2/27/2001 10:45:57 PM
From: russwinter  Respond to of 116856
 
Shorts are likely still there, only about a 2,000 contract drop in open interest today.



To: Square_Dealings who wrote (64747)2/27/2001 10:55:22 PM
From: long-gone  Read Replies (1) | Respond to of 116856
 
<<I notice on the message boards there is a concerted effort by the shorts. Also notice gold down after hours.>>

BUT did you also notice it did NOT give back everything gained in the last few days? Have lease rates returned to the 1.5% range?

<<I think we have not seen the short covering yet that will send gold over 300/oz but we are close. >>

Could it be possible the shorts have such a large position they can NOT COVER? Didn't you see my post that showed the suspected shorts are in trouble for other leveraged loan positions?