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To: Lucretius who wrote (251745)7/23/2003 4:22:21 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
I think he was shorting ...



To: Lucretius who wrote (251745)7/23/2003 5:49:58 PM
From: mishedlo  Read Replies (7) | Respond to of 436258
 
Short Gold and walk away!

thestreet.com

Gold Bugs Are Getting Feisty

By Mike Norman
Special to TheStreet.com
07/23/2003 03:58 PM EDT
Click here for more stories by Mike Norman

I've been getting bombarded by emails today from gold bugs who are crawling out of the woodwork as a result of this mild short-covering rally.
I haven't changed my views on gold; in fact, my long list of bearish factors has just gotten longer. You can now add rising bond yields to that list, which also includes:

* Rising production.

* Declining jewelry-related demand.

* Resumed hedging.

* Reduced geopolitical influences.

* Rebounding equity markets.

* Dollar rally to resume after brief correction.

These factors will eventually turn gold and gold stocks lower. I am short and remaining that way.