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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.99

+0.3%

Nov 11 4:00 PM EST

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To: Ahda who wrote (35176)	6/11/1999 5:16:00 PM
From: Alex	Read Replies (1) of 116753

From Kaplan's site................ THOUGHT OF THE DAY: It is likely that the COMEX gold net long commercial position as of Thursday's (June 10, 1999) close was at an all-time high, and was approximately one hundred thousand contracts. Assuming that no external economic event triggers short covering, a major gold producer could easily cause the speculator shorts to massively panic by proclaiming that they are buying back a substantial portion of their forward hedge position. <Picture> A WORLDWIDE CONSPIRACY? Tiger Management LP, the large hedge fund company run by Julian Robertson, said Friday, June 11, 1999 that there is no substance to market rumors that it is having trouble meeting investor redemptions. Meanwhile, several analysts have remarked that there is no substance to the gold conspiracy allegations put forward by GATA. Sharp-eyed readers will notice that GATA is the feminized form of gato, or cat (in Spanish). Can it be just a coincidence that two alleged rumors involve a cat and a tiger? Or is someone lyin' (pun intended)? investor1.com

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