|Iso; think GS had a vested interest in keeping Gold down ?|
To:William H Hueb who wrote (51272)
From: Vi Friday, Apr 20, 2001 8:53 AM
View Replies (3) | Respond to of 51287
The reason for the cut?
GS is down 1.60 to 98.05 on rumors there are problems with the
firm's fixed-income portfolio.
One analyst who wouldn't be named completely
dismissed the report, and GS itself said the rumor is
"ridiculous," although they would not comment on
Rumor has hedge funds that are shorting the stock
starting the rumor
To:michael finsterwald who wrote (67960)
From: kirby49 Friday, Apr 20, 2001 12:45 PM
Respond to of 67982
<Last year I read that Goldman alone was short $32 Bln of the metal.>
Where do we find the current short positions that these firms hold? Has not the double bottom that has been formed been their opportunity to cover? If they haven't covered it all, they'll have to take a loss on the rest if they can't keep the price down.
Commericials strongly NET long Gold & getting longer; spec's are nuts here... NEM now like 12% short interest... I love it.
Tic, Toc ~
I'm reloaded pretty well as of yesterday on PDE (largest common holding) ATW SESI (basing nicely like it for a sub $10 to $12ish move real quick if earnings surprise & a good acquisition) a little CAM & still have some driller calls (especially RIG) .... one more breakout rally move to OSX 155-160 and I promise the Oilpatch God's I shall not wish, nor want for another... promise; scouts honor (VBG)~ just "one more time" with those calls & that's all I want for Xmas (other than XAU 100)...