SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (125284)5/19/2001 11:46:36 AM
From: H James Morris  Read Replies (2) | Respond to of 164684
 
>Speculators who had "shorted" gold, betting on lower prices, now are rushing to buy the metal to close out their positions.
"It is the speculators who sold gold short who are mainly covering to minimize losses," said Heinz Thoma, analyst at Global Strategic Management in Annapolis, Md.<
latimes.com



To: craig crawford who wrote (125284)5/20/2001 2:33:17 AM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
<i.>> "Contributing to the two-month rally in gold prices was a decline in sales of borrowed gold by producers, analysts said." <<
So in other words the real buying hasn't started yet? Just a small let-up in the selling?

Hmm...(stay tuned)



Agreed! But it is a decline in short selling if I understand the statement correctly.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News