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To: The Vet who wrote (12162)2/24/2008 10:46:43 AM
From: Tommaso  Respond to of 29622
 
I am not surprised by your disdain, and in fact I predicted it.

Your description of short selling and its effects does not fit my experience. I was a heavy short seller of the technology index a few years ago, and also bought a lot of puts on dot.com stocks. For a year or two I repeatedly shorted large blocks of what is now QQQQ.

I guess I will say more plainly that I think the managers of GLD know exactly what they are doing, and that what you say is just the ignorant speculation of an outsider.