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Gold/Mining/Energy : Gold Price Monitor

GDXJ 129.79

+4.6%

4:00 PM EST

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To: long-gone who wrote (26267)	1/15/1999 10:40:00 PM
From: PaulM	Read Replies (1) of 116958

Richard, I've noticed that myself. Someone on Gold Eagle forum sez CNBC analyst today said the Feb contract short position on COMEX was ten times COMEX ware house stock of gold. If true, you can bet an equal or even higher multiple applies to the off COMEX market. Richard, I think that the stakes are much, much higher than you or I making or losing some extra dollars. Wouldn't shock me if gold backwardation led to some big name defaults.

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