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Gold/Mining/Energy : Gold Price Monitor
GDXJ 121.59+2.2%Dec 26 4:00 PM EST
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To: GOLDFINGER who wrote (3125)11/14/1997 8:02:00 AM
From: PaulM  Read Replies (2) of 116832
 
I think the report said the Bundesbank loaned 10 % of its reserves. The Germans haven't sold, and have in fact gone on record saying they won't. The point of the report is that so much has been loaned to shorters that the short position can no longer be covered at a reasonable price.

Despite the fact that minor players have been selling, without gold or currenies to speak of, and despite the Swiss TALKING about it, there is no indication yet that the central players are in fact stupid or desperate enough to unload the pecious metal in exchange for paper.
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