Dave Gore's Trades That Make Sense Message Board

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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (10315)	7/31/2002 1:32:02 PM
From: The Vet	of 16631

JPM/Chase came in to the gold pits and hammered gold and silver down just prior to the close. This was an obvious "painting the tape" exercise. The real question is why is it so important to have the monthly close of gold and silver down so low and why they would go to such extremes to get it there. By hitting the price after London has closed (12 noon) and the close (1:30 pm) they get the most effect for the least outlay. That's not the way any rational seller would act. The answer may lie in their derivative exposure....

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