International Precious Metals (IPMCF) Message Board

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Gold/Mining/Energy : International Precious Metals (IPMCF)

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To: John D. McClure who wrote (11204)	6/5/1997 9:21:00 PM
From: Derrick P.	of 35569

John, Big Trader or BT as he is affectionately know over at Kitco has been posting there for some time. Started when gold was falling to $370 an ounce over a year ago. Stated that they were buying huge quantities of gold and that the price would not go lower. Well it definitely did and gold has since been acting deader than a door nail and completely unloved. BT claims that this is becuase of CB selling and gold loans as well as producer forward selling and that the sellers/shorts are all now in big trouble, unable to meet their commitments. Anyway, they posted a summary of his posts over the last year or so on Kitco yesterday. You can review it by adjusting the 'date stuff' at the top of the page and scrolling back to yesterday afternoon sometime. Some of the more interseting stuff that has been posted on Kitco, but do take it with a grain of salt. They don't have much ID control over there, you don't really know who posts what. kitco.com Derrick

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