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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.75-0.5%Dec 3 4:00 PM EST
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To: Enigma who wrote (56011)7/10/2000 3:16:44 PM
From: Rarebird  Read Replies (1) of 116791
 
Interesting that with all the technical traders, derivative players and gold letter news writters on this thread, that a small investor like me who has never worked in the gold mining industry is going to try to answer your question:

The hedge funds are the largest speculators, by far. The producers are the biggest commercials by far. Jewelers are minor commercials, as are fabricators.

<What would make these users go short>

Good Question. I wish I was a commercial. But I would think supply/demand factors and currency considerations. Ultimately, their perception of what the market will pay for their product.
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