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Gold/Mining/Energy : Gold Price Monitor

GDXJ 142.09

+5.5%

Jan 22 4:00 PM EST

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To: PaulM who wrote (21058)	10/7/1998 10:54:00 PM
From: waldo	Read Replies (1) of 116901

Paul, you wrote:" The hedge funds will unwind their gold positions LAST. The LTCM bailout consortium will make sure of that." I am under the impression that the hedge-hogs have unwound some gold, then treasuries, and last night (dollar/yen), and who knows what else. I do believe that this for the most part is being dictated to them(for unselfish reasons of course ;>) by the consortium. It's not the manipulation that constantly seems to work against gold that bothers me...but rather not being able to always second guess their next move that is the real frustration and challenge! Most other sectors are usually an easy read compared to gold. W

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