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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: lorne who wrote (35033)	6/9/1999 1:43:00 PM
From: John Hunt	Read Replies (2) of 116762

Today's USA Gold Market Report << The rumor further posits that Goldman Sachs is short 1000 tonnes of gold for future delivery. We are, of course, not privy to Goldman's gold trading position.The rumor, true or not, is becoming more and more widely debated by gold market participants." In addition to this interesting tidbit is a rumor from one of our sources that LTCM (Long Term Capital Management) the hedge which required a high profile bailout last year could be short as much as 1000 tons, not the 300 to 400 previously reported. Whether or not these two large short positions are at the heart of the BOE sale or not remains to be seen. >> usagold.com Hi Lorne, Gold share volumes picked up sharply right at the bottom on the last dip as though significant stop loss orders were being hit ... rally time? John

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