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Gold/Mining/Energy : Gold Price Monitor

GDXJ 113.22

-0.5%

4:00 PM EST

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To: d:oug who wrote (39199)	8/17/1999 10:24:00 PM
From: Hawkmoon	Read Replies (3) of 116837

Very interesting article Doug. If what he says is correct, then the gold market could get real interesting. However, I imagine that certain CB's will no longer feel the compulsion to adher to the cries of African gold mining nations and will freely sell their gold. If I'm not mistaken, I believe the Swiss could sell their gold at will. That's the problem with these conspiracy theories. They always have an element of truth, but far too many untruths for anyone to really know what the scoop is. The question is... why did Goldman wait so long to accumulate such a position in gold to help Tiger cover its short (assuming the rumour is correct?) They've had all summer to cover that short position since gold plunged on the BOE announcement. Why does Tiger need to take physical delivery when it could have merely covered its short position (or started working on covering it) over the past 3 months as the panic selling was taking place? Why do something so friggin' obvious as accumulating 1/2 the COMEX gold supply unless you were trying to lay a nasty bull trap for the goldbugs?? Some things are just not adding up. Regards, Ron

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