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Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: bill meehan who wrote (19785)	2/16/1999 11:42:00 AM
From: MythMan	Read Replies (1) \| Respond to of 86076

>>I'm not saying it won't happen, I just don't like 'em here<< I understood you.

To: bill meehan who wrote (19785)	2/16/1999 11:44:00 AM
From: Cynic 2005	Respond to of 86076

Volume on today's "strong" rebound is pathetic - so far.

To: bill meehan who wrote (19785)	2/16/1999 1:42:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 86076

Bill, the key is that LTCM had a huge short position in gold as do others. They have been trying to cover it for months. Today is the turning point where they have tried to beat it down to new lows so they can exit....... they have failed. It is OVER. When they are forced to cover and Goldman goes under.... gold will see $400 in short order and the dollar will be sold. Obviously US treasury bonds will decline as foreigners sell, but they should be bought. -Lucretius