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Gold/Mining/Energy : GOLD-XAU
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To: Don Green who wrote (758)12/20/1997 3:13:00 AM
From: Terry Swift  Read Replies (1) of 1756
 
You don't see how shorting can make the price go down??? You must be joking. Better go back to 'Commodity Markets and Trading 101'.

Richnorth is right; by all organizaions that track the physical demand for gold, such demand is at record highs. CB sales, CB gold loans for forward sales by producers, and shorting by the major hedge funds are the reason the POG is where its at. But, in my opinion, the CB sales will end soon, if they haven't already, as Euro gets closer to existence, and the shorts must ulltimately unwind. That and a potential currency crises is explosive fuel for gold.
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