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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (20369)	9/28/2001 3:36:05 PM
From: Paul Shread	Respond to of 52237

Lee, Obviously, gold's attraction has to do with its position as the de facto international fallback currency, and the fact that it has traditionally been a safe haven in times of panic. With CBs selling, is that still the case? I'd suspect yes, because even with the U.S. having abandoned the gold standard 30 years ago, gold still rallies in times of stress. It also does well in times of zero real interest rates, which we are now entering. And if AG can't turn the economy around, cries for the stabilization of gold prices and a return to a gold-backed currency are likely to be heard. Gold is still a better default currency than the other options you mentioned, which is what I suspect the world is searching for here. JMHO... Paul

To: Lee Lichterman III who wrote (20369)	9/28/2001 3:39:27 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

Big drop in SPX shorts - but also in longs, too. Still a very mixed picture. cftc.gov