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Politics : Ask Michael Burke
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To: Henry Volquardsen who wrote (68295)9/28/1999 8:03:00 AM
From: long-gone  Read Replies (1) of 132070
 
<<there is no massive short position created by the CB's gold leasing. The leases are for term and will be repaid at maturity with the proceeds of mine production. For the record I've been involved with gold leases professionally for close to two decades. >>

Henry,

Is this true if the leased gold went to a non-mining operation(ie bank or hedge fund)ie naked short? Many say naked short position is (perhaps) thousands of tonnes held by speculators - large & small(some in governmental(& quasi) operations(IMF).
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