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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (16567)	12/16/2002 9:24:52 PM
From: Gary H	Read Replies (1) \| Respond to of 81226

Well, that's kinda what I meant when I said "or have We?" You hear so much about these things and then they become a non-event. Just another game? Are we the ball being kicked around - again?

To: sea_urchin who wrote (16567)	12/17/2002 8:41:01 PM
From: Gary H	Read Replies (1) \| Respond to of 81226

Back to the camel's back. "And U.S. tension with North Korea has climbed following word of the communist country's plan to restart its nuclear weapons program. Against this backdrop, Weiss Research financial analyst Kevin Kerr said he could envision a scenario in which "investment banks with huge short positions [in gold] are going to start feeling the worst kind of squeeze imaginable, and they should have to start unwinding their short positions in a hurry." "The investment banks saw an opportunity to short a commodity [gold] they felt would never regain its value," Kerr explained, adding that their reason was likely based on "greed and lack of foresight." It's a "big mistake," he said, "now they're stuck in a big way." The investment banks' move to quickly unwind their short positions could "light a fire under the price of gold," Kerr said, prompting further price spikes." cbs.marketwatch.com