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

To: long-gone who wrote (91904)	12/17/2002 5:13:43 PM
From: Professor Dotcomm	Respond to of 116753

Good for Kevin! "Against this backdrop, Weiss Research financial analyst Kevin Kerr said he could envisage a scenario in which 'investment bankers 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. Attaboy. Ride 'em hard, Kevin. (source: Myra Saefong, CBS MarketWatch.com Dec 17/02)