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To: marginmike who wrote (194317)	9/30/2002 11:23:45 AM
From: yard_man	Read Replies (1) \| Respond to of 436258

I have often lost money shorting -- small rounded tops like that -- short away -- it could work out, but I've done that before <ng> kitco.com I guess everybody sees how good a short the golds are now ... Frankly, I think long the market is even higher risk than shorting the golds here ... don't get trapped <ng>

To: marginmike who wrote (194317)	9/30/2002 11:35:29 AM
From: yard_man	Respond to of 436258

do something manly here that will make you some money -- put out some FNM and FRE when we get the pop; it will make you some good money -- 2nd drop is usually the "fattest" <ng> those things bounced hard off overhead resistance 3 times -- I know -- I caught them twice, but couldn't do anything the third time round ...

To: marginmike who wrote (194317)	9/30/2002 11:52:18 AM
From: orkrious	Read Replies (2) \| Respond to of 436258

I think shorting the golds here is a no brainer I've sold a little of my longs, and you're right, the gold shares don't act well. My FWIW guess is that too many people have been burned, and they don't think it's going to go higher. The real reason for the weakness probably is what someone somewhere said a month or two ago. One day gold is going to break through 325 and leave a lot of people behind. The same thing will happen at 330. when that happens absolutely everyone is going to be scrambling, chasing them higher.