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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

4:00 PM EST

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To: long-gone who wrote (36187)	6/30/1999 1:10:00 PM
From: C Hudson	Read Replies (2) of 116753

Something is rotten in Denmark. The gold lease rates (and all PM lease rates are exploding) A post on Kitco by Gollum has a plausible scenerio. The gold shorts are leasing gold like crazy but are NOT selling the gold YET. They may be stockpiling the gold and sell it after the BOE gold sale to cap a rally. The flip side of this is the XAU which has not broken down but has actually gone up without a move in the price of gold. Someone believes the POG is going up. Is a was developing between the shorts and longs? Any comment?

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