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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: The Barracuda™ who wrote (48715)	2/9/2000 3:55:00 PM
From: long-gone	Read Replies (2) of 116764

<<``If Ashanti fails, the banks are short 10 million ounces of gold,' said Leonard Kaplan, chief bullion dealer at LFG Bullion Services in Chicago. ``They would buy back the gold. Banks are not in the business of betting on gold prices.' >> If they loaned any gold to a short, they are in the business of betting on gold prices! Oh well, let them fail! Doesn't break my heart. 10m oz of Gold - woosh! How can he say they aren't in the business of betting on price when 10m oz short?

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