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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 662.72

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Nov 19 4:00 PM EST

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To: Roebear who wrote (13265)	5/9/1999 5:59:00 PM
From: pater tenebrarum	Read Replies (2) of 99985

Roebear, i have posted on this thread that my view of the british treasury's announcement re. gold sales is somewhat similar to the GATA interpretation. by lending out huge amounts of gold, the central banks are effectively short and would be hurt if gold managed to rise significantly. thus the timing of the brits is highly suspect. the funds' vast short position in the gold futures market is what made me originally bullish on gold for the short term. now i'm not usually partial to conspiracy theories, but the gold market is so small in the overall scheme of things that it can be easily manipulated. gold's failure to act more positively in the face of rising inflationary fears and the aforementioned shorts really makes me wonder. if there are indeed manipulators at work i predict that their strategy will ultimately backfire. all past attempts to manipulate commodity markets have left the perpetrators aggrieved in the end(the most recent example being the hunt brothers' cornering of the silver market in 1980). regards, hb

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