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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: Enigma who wrote (44987)	11/14/1999 6:47:00 PM
From: long-gone	Read Replies (1) of 116753

<<Surely the most obvious is the most likely? They are selling gold they own - if it was not so there would be hell to pay from the purchasers, or any purchaser demanding delivery. The B of E must be aware that paper it issues can be called for delivery. >> no. Consider for a moment, the gold(soon for sale) has been loaned. Those to which it was loaned, must repay the loan(and buy gold) before the BOE can do the sale. Did you see the POG bounce the other day? That was the demand for gold which had been loaned out, being bought so it could be returned, so it could be sold.

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