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

To: Zardoz who wrote (33864)	5/14/1999 8:04:00 AM
From: John Hunt	Read Replies (3) \| Respond to of 116786

Hutch Re Your Gold Questions Hi Hutch, All good questions, but IMHO we are all standing around in the dark trying to feel our way. Hopefully, when we average in our minds the bearish and bullish articles, news and thread comments, we get some enlightenment. All I know is that you short things that are high and buy things that are low and gold is too far off its $800 high (65%) for me to short. I am long gold with about 10-15% of my portfolio (rest is a little oil stocks and cash). I try to trade around the gold position as opportunities arise. While I managed to sell a little before the last drop and would have sold more the morning of the drop, sadly it was not to be. Happy trading. John

To: Zardoz who wrote (33864)	5/14/1999 9:51:00 AM
From: donald martin	Read Replies (1) \| Respond to of 116786

<<And yet gold goes down.... WHY?>> Because a lot of people made money being short for a while? Which convinced more people that the short side was the smart side to be on? Just a guess. Remember the yen carry trade? I don't hear as much about it these days, because I don't think it's as profitable. (Borrow yen at low rates, buy US treasuries.) For a while, everyone and his brother's institution was doing it, because it was such a no brainer. I have no idea what kind of positions remain outstanding there either (in the yen carry trade). Wonder what a short bout of inflation would do to those positions?