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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: Alex who wrote (47304)	1/20/2000 12:15:00 AM
From: Casaubon	Read Replies (2) of 116764

I think that people are at least entitled to a truthful answer to their questions about Greenspans comments on cb's standing ready to lease gold into any rally. It's not like they put those words in his mouth. What did he mean? My personal opinion is that the comment was meant to imply that an orderly market environment would be maintained just as the bank would try to maintain order were there a run on a bank. I think there was a lot of talk about a large short position and Greenspan did not want any big players to have a field day by causing a squeeze on physical metal. Just my opinion based on how greenspan has handled situations historically and based on my interpretation of all the stories floating around about price manipulation etc.

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