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Gold/Mining/Energy : Gold Price Monitor

GDXJ 145.00

+2.0%

4:00 PM EST

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To: Leeza Rodriguez who wrote (18003)	9/9/1998 8:03:00 PM
From: Roderick Francey	Read Replies (2) of 116906

Hedge funds are at least 1,000 metric tons short of gold ... "..an amount equal to about half the world's annual gold production. Can you say short squeeze?" Greetings Leeza. Sorry I couldn't reply sooner. The green virus posts have been slowing me down. Another 300 posts to go. I didn't know about this short squeeze ... or maybe I did but needed someone to pound this into my head. 1,000 metric tons is a heck of lot of gold. This reminds me of the Chinese short squeeze last year of zinc. Over 200,000 tons shorted. Drove the price of zinc sky high, albeit temporarily. Maybe it's gold's turn.

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