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Gold/Mining/Energy : GOLD-XAU

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To: Don Green who wrote (927)12/31/1997 4:41:00 PM
From: rdww  Read Replies (1) of 1756
 
Don: I think that you have stated that speculator Au short positions could not have tanked the Au market. If correct in my recollection, pls peruse this statement:

"Central bank gold is also used to finance short sales by speculators. And of course the gold borrowed by the bullion dealing community to finance speculator short selling is sold into the market immediately, increasing the physical supply and exerting downward pressure on the price."

So is this guy right or did he stand up in front of a crowd in Tokyo recently and make a fool of himself?

you have stated that short selling of Au does not
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