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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.90

+0.9%

Nov 18 4:00 PM EST

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To: Zardoz who wrote (27366)	1/30/1999 7:17:00 PM
From: long-gone	Read Replies (1) of 116762

<<"If a hedge funds KNOW that there is this large UNCOVERED short position out there, they'd be the first to jump on the GOLD BULL band wagon. Do you really think that they'd give up a large hit? They could buy option on the futures, at for june 29000 {let say} for $7.3 in volume, and force execution. So they could even flood the whole option forwards to 35000 without much effort, or cost. and just start demanding delivery all the way.>> Perhaps now the Hedge Funds will. Now many in the world "know(?)" what they only "suspected". Nothing fuels a feeding frenzy like a feeding frenzy.

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