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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

4:00 PM EST

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To: d:oug who wrote (61208)	11/21/2000 6:26:35 AM
From: Zardoz	Read Replies (3) of 116756

"When the Saudis buy physical gold and take delivery, its the 1,000 ounce bars. Sources now tell us that the Saudis are buying 100 ounce gold bars because gold bars that weigh 1,000 ounces are hard to come by." Irrelevant... 10 100Toz bars equals 1 1000 Toz bar. But 10 Toz bars are just easier for the mid volume buyers. Still the same volume, but easier to "carry" {as in Carry trade?} Give you a little insight... There is very little of this presumed gold short left. In fact, as a person who made a lot off of shorting gold; I'm done and covered a few weeks ago. Yupe, just as the US Dollar made a possible top. Even considering the YEN demise, and the Euro rebound; only the true Risk takers are short now. But I can state with UNDUE certainty, there never was a combined short position of greater then 4000 tons. And that risk was absorbed at all times. Some day soon GATA and others will get their math correct. Anyways who says this publicly actually has less class then a sever system. ... but we also know that Bill has kissed ladies of that world class appearance, a.k.a. Elvis Prestles x's ... Hutch Time to short the USD versus CAD long... Euro neutral. Avoid YEN xtrades. Suggest you all look at the CAD Bond trade versus US Bond trades. The pressure for the CAD is to 68.00 short term. 74.00 longer. PS: Rarebird was the closest to predicting the low, and the right week to buy gold stocks. WTG Rarebird. PPS: Bet Doug AK is still to scared to buy gold stocks cause he's afraid he'll buy the wrong ones.. like NEM. lol

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