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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: John Hunt who wrote (38779)8/11/1999 7:12:00 PM
From: John Hunt  Read Replies (2) | Respond to of 116806
 
Goldman Sachs Ties Up Gold Warehouse Stocks - Today's Kaplan

<< COMEX delivery intentions posted over the last two weeks show that Goldman Sachs has obtained control of a large portion of the COMEX gold warehouse stocks. The warehouse stocks stand at 948,973 ounces, while Goldman Sachs stopped 4,718 contracts, or 471,800 ounces, representing just below half of the total. This presents the possibility that Goldman Sachs could attempt a short squeeze, since there will be little physical gold available for short sellers if they are forced to cover in a sharp rally. >>

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