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


To: Enigma who wrote (96793)12/31/2003 12:25:10 PM
From: Ironyman  Read Replies (1) | Respond to of 116762
 
IMO...It seems stupid to short gold at this time. The Euro is at 1.2577 to the dollar and any incident of terror would only push the POG higher. The lease rates rose more than a full percentage point across the board, which says there is a huge short position which will have to be covered in the near future. Instead of a typical late January fall back in price, I see gold hitting 430 an ounce just on short covering.