Short Gold!

verfasst von off-shore-trader, 21.11.2003, 19:50

-->James J. Cramer
Wrong-Way Barrick Gold Should Cue Shorts
By James J. Cramer

11/21/2003 11:14 AM EST


Gold BEARISH
Larry Kudlow thinks gold should be shorted.
A recent decision by Barrick Gold shows he's right.

Short gold!

My partner on my television show, Larry Kudlow, thinks that gold, the metal, has run too far, too fast, and should be shorted.

I just got a piece of evidence that says he is right: Barrick Gold (ABX:NYSE), which hedged gold throughout the dramatic run to $400, has just stopped hedging, according to an interview at a Euromoney-World Gold Council conference.

You couldn't have been more wrong with that ABX the whole way up. Does it stand to reason that now that the company at last no longer is hedging out the upside, that the upside must be through?

I have made a living betting against people and companies that are always wrong. Barrick Gold is always wrong.

Short gold.

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James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS by clicking here. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to jjcletters@realmoney.com. Listen to Cramer's RealMoney Radio show on your computer; just click here. Click here to buy Cramer's latest book,"You Got Screwed!" Click here to order Cramer's autobiography,"Confessions of a Street Addict."

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gesamter Thread:

• Short Gold! - off-shore-trader, 21.11.2003, 19:50
  • Unter welchen Voraussetzungen könnten Gold und Stocks parallel abschmieren? - Eric, 21.11.2003, 20:17
    • einfach runterstellen - chiron, 21.11.2003, 20:46
      • ach so... - Eric, 21.11.2003, 21:05
        • Re: ach so... - chiron, 21.11.2003, 21:20
          • Re: ach so... / BRAVO! mT - -- Elli --, 22.11.2003, 02:52
            • interessante antworten, danke an alle. (owT) - Eric, 22.11.2003, 11:16
    • Re: So lief es bisher meist: - chiquito, 21.11.2003, 22:06
      • Re: So lief es bisher meist: / Volle Zustimmung! oT - - Elli -, 22.11.2003, 02:21
  • Short Gold! - Das möchten alle, die einen weiteren Goldpreisanstieg fürchten. - chiquito, 21.11.2003, 21:51
  • *ROFLMAO* Exhumiert endlich Henry Blodget! (owT) - kingsolomon, 21.11.2003, 22:26
    • Re: Kannst du das mal erläutern? - Grüße (owT) - chiquito, 21.11.2003, 22:29
      • Re: Kannst du das mal erläutern? - Grüße (owT) - kingsolomon, 21.11.2003, 23:23