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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: Rarebird who wrote (39235)	8/19/1999 10:42:00 AM
From: Rarebird	Read Replies (1) of 116952

What does Goldman Sachs plan to do with its half of the COMEX gold position? A. hold for profit in the new gold bull market B. use it to pay back their short position C. sell it to kill gold rallies I say C based on today Update: PS The reason I have said in the past that I do not trust GS and feel quite eerie about their long position is that I don't think GS is even sure what its long term intentions are here. My personal feeling is that I think GS wants to keep their options open and will do whatever the broad Market tells them and is most profitable. PSS The S@P and Nasdaq are on sell signals here. Wait till next week when options expiration is over. We are going to see some real hardcore selling then!

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