Monday 22 September 2008

Crisis Over ? Gold Delivers Its Verdict

Back above $900 again. The 'hedge-against-bad-news' thesis seems to be holding.

ND

4 comments:

  1. Well, trading goes on. If stocks can’t be shorted because it is supposedly driving down their price then traders are going to pile into commodities such as gold and oil driving them a lot higher which is going to hurt company profits which drives down the price of stocks. Ah, oh dear.

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  2. apologies for the silly question, but what's to stop someone selling futures on an index and going long all the stocks except one, and hence shorting the stock?

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  3. DD - spoken like a true deal-structurer: & HAB too, - yes, clever people will always find a way to short things (as I said here)

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