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Politics : High Tolerance Plasticity

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To: chowder who wrote (17068)10/8/2002 4:14:20 PM
From: Sweet Ol  Read Replies (1) of 23153
 
$HUI. There is a conspiracy theory going around that AG and the other CBers are driving down the POG in order to bail out JPM and other banks with huge short positions. The world economy can't take a JPM bank failure. The gold market is fairly small and has been manipulated in the past. Another data point is that GG is inventorying production to sell later when prices are better. (They can do that because they have no debt, no hedges and are the lowest cost producer.

Now, that is not TA, so watch the charts carefully to see if something funny happens. POG is down about $5 today.

BTW, do you know where to see historical charts of POG? I have a site for realtime quotes, but they only show 2-3 days.

Best to all,

JRH
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