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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Gord Bolton who wrote (34898)	6/6/1999 11:44:00 PM
From: long-gone	Read Replies (1) of 116763

<<Could it be that there were in fact a whole string of LTCM type operations who were invovled in the gold carry trade and in trouble, especially with a rising gold price? How to bail them out without public scandle and political consequences? Why more cheap gold of course. That would give them breathing space and an opportunity to cover at a discount.>> It is just as likely those in these governments are themselves corrupt and maintaining a short gold position and thus cutting themselves a check from the public coffers.

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