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

To: Gersh Avery who wrote (70025)	5/22/2001 5:54:44 PM
From: lorne	Read Replies (1) \| Respond to of 116762

The Gold Game: Reasons for the Short Squeeze By Don Luskin Special to TheStreet.com " You probably won't read about gold this way anywhere else in the mainstream financial press. The fashion victims of finance love to diss gold, parroting the conventional wisdom that it's just a "barbaric relic," as John Maynard Keynes and two subsequent generations of oh-so-sophisticated economists have called it. To them, gold has no place in modern markets and its actions are essentially random. So to them I quote a far more intellectually rigorous authority, Bob Dylan: "Something's happening, and you don't know what it is, do you, Mr. Jones?" " Third, and directly related to the previous point, gold is scarcer today than ever. That's because at deflated prices, it's not profitable to bring reserves out of the ground or to explore for new reserves. " " With the Fed's 250 basis points of rate-cutting this year, short-term rates have collapsed -- and so has the incentive to be short gold" " But the shorts can't afford to delude themselves about how the gears of finance mesh. It's time to get the hell out. " Full story >>> thestreet.com