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Strategies & Market Trends
Gold -- the eternal short?
An SI Board Since November 1996
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114 1 0
Emcee:  Michael Burry Type:  Unmoderated
Gold seems to be a metal that can be played for long term
trends. The current trend has been down for quite a while
and we are near 2 year lows. Now comes news that
Russia may open up its reserves for export and hedging on the
COMEX. Other nations such as Switzerland have already announced
plan to sell gold supplies. Interest rates are low, and
the US economy is slowing. The Bre-X mine in Indonesia has 50
million proven ounces and once that supply starts coming onto
the market, we should see even more downside pressure.
Many traders are commenting that gold has lost its usefulness
as an inflationary hedge.

I'm short. Comments? How low can it go?
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114 Andrew Pyle an Analyst with a Canadian Brokerage Firm thinks that the POG will UNDERTAKER-1/5/1998
113 The thread is usually dead. Maybe because it is deals with the downside of an mMichael Burry-1/5/1998
112 Is this thread dead or what?UNDERTAKER-1/4/1998
111 Hello Michael, I keep getting "URL Not Found"UNDERTAKER-12/31/1997
110 How low: cnnfn.comMichael Burry-12/7/1997
109 Ed, the last time the XAU reached without breaking its 16 months downtrend wasPhil Varichon-10/31/1997
108 phil...Wouldn't you know after pounding the XAU then maybe not selling thatEd Pittman-10/31/1997
107 NEWS: Swiss finance minister back off, Iraq crisis: yahoo.comPhil Varichon-10/31/1997
106 Ben...Thanks...I will check it out... edEd Pittman-10/30/1997
105 Ed, for your analysis cpcug.org A new thread if you are interested--MISC, MarkDwight Taylor-10/30/1997
104 Ben...I have been there before, but its like all Gold sites...Any down move is Ed Pittman-10/29/1997
103 Ed--Do you follow the Privateer? Good website on gold. the-privateer.com BenDwight Taylor-10/29/1997
102 Phil...I'm looking for a little pop in BGO....Gold moved up today..But, I hEd Pittman-10/28/1997
101 **OFF TOPIC** Ed, if this can be of any relieve for you, I to have a dichotomoPhil Varichon-10/28/1997
100 Taurus... I have only two jr. Golds at this time..BGO is at break even..Even thEd Pittman-10/28/1997
99 Although Teck Analysis Is Surely Benefical In A Normal Market........ It may lEashoa' M'sheekha-10/28/1997
98 phil... You know I believe that gold will shine some day...Is the bottom in...IEd Pittman-10/28/1997
97 Ed, yeah bond is the place to be right now. That makes me think that the worlPhil Varichon-10/28/1997
96 Ben... Thanks for your thoughts....I think you are right...But, I still see 300Ed Pittman-10/28/1997
95 Ed, I believe gold will prevail as a great investment. It always has in the paDwight Taylor-10/28/1997
94 Ben...Who cares what the Dines letter has to say...Where did money go to as a fEd Pittman-10/27/1997
93 This AM in the news-- James Dines, publisher of the Dines Letter, said gold wiDwight Taylor-10/27/1997
92 jag... So where did the money go...The flight to safety? They need a excuse toEd Pittman-10/26/1997
91 Whao! What a plunge that was!! In the middle of the stock market tumbling. CourJags-10/25/1997
90 Mark...Be carefull of the puts on the S&P...But, you did well on your XAU..Ed Pittman-9/26/1997
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