At a bottom now for gold? Message Board

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Gold/Mining/Energy : At a bottom now for gold?

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To: Bill Murphy who wrote (1238)	6/24/1998 5:13:00 PM
From: Ray Hughes	Read Replies (1) of 1911

Hi Bill, Never assume that all persons in Gov't. always abide by all the rules. Secondly, they just short. What trading firm, knowing who the client is, is going to question the trades and require authorization. So "they" short gold down to $285 and cover back to $300 and short down to $285 and cover ...... Ok, neutral profit/loss & small commish. Commish costs pale in comparison to interest costs saved on Treasury financings by keeping interest rates lower by keep thee and me out of gold. No, they wouldn't stoop so low, would they? RH

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