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Non-Tech : Invest / LTD

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To: Lucretius who wrote (3361)9/24/1998 9:44:00 PM
From: SJS  Read Replies (2) of 14427
 
LT,

I just read this about LT Capital. Didn't know this, did you?
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Gold-mining shares gleamed on speculation that Long-Term Capital Management is carrying a huge short position in the metal. If so, Long-Term eventually would have to buy back gold to cover its short position, driving gold stocks higher.
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