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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

Jan 23 4:00 PM EST

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To: Zardoz who wrote (48931)	2/12/2000 7:47:00 PM
From: d:oug	Read Replies (2) of 116914

Hutch, I'm sure Frank Veneroso can match your brain power and deliver an excellent exchange for a debate on an area of gold that you have already researched, and disagree with him. This man is not available, and eventhought Bill Murphy could debate you with the same position taken by Mr. Veneroso, we all know that you would make mush of Bill and he would leave, once again, with a bloody nose. Might you or another post the views of Mr. Veneroso as to your comments. <<Maybe the question of the BOE sale shouldn't be:"Why so cheap?" but should be:"Why at all?">> <<...So if it was to drive down price, then those alleged shorted hedge funds haven't covered. In deed maybe the problem arises as to what a short really is. If a company has sold forward production of 4M Toz, could that not be mistakenly accounted for as a short position of 124.4 Tonnes. In deed the whole accountability of calculating a short position on OTC derivatives and futures may be suspect. And those who state a given number of tonnes short may have some axe to grind. hutch As for me, I'm extra clueless as to what a short is and only know of derivatives used in the field of mathematics Doug

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