Gold Price Monitor Message Board

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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.47

+0.5%

Nov 6 4:00 PM EST

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To: Richnorth who wrote (76721)	9/17/2001 1:48:56 AM
From: GST	Read Replies (1) of 116752

The price of gold is about be disconnected from the schemes which so systematically undercut its dollar-denominated price -- I don't need to characterize the manipulation process -- I will leave that to others. The price of gold is "positional" and for a long-time people misunderstood the means by which a positional good can be depressed in price -- and how some people can profit from that trade. I think there are many on this thread who understand all of this very well indeed. Heaven help the people and institutions that get on the wrong side of a positional good when the price trend changes and builds momentum -- there is no end to the losses one can incur from shorting a positional good. Good luck, I assume you are long.

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