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

To: Hawkmoon who wrote (39042)	8/15/1999 12:52:00 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 116912

Goldman had taken delivery of 473,500 ounces of gold as of Thursday through 4,735 August futures contracts, according to the exchange's Comex division, where gold, silver and copper are traded. That's about half of the warehouse total of 948,973 ounces. The gold still is in Comex warehouses. The firm has been increasing its gold holdings all month, the exchange said. Now just how difficult was it for Goldman Sachs to buy almost 5,000 contracts for August delivery without the market catching on?? It must have taken months... And those were the same months that GATA has been claiming the GS was short thousands of tons of gold. Sounds to me like GS may have undertaken a SERIOUS psychological warfare campaign in the gold market leading everyone to believe they were short a huge position in gold but actually they were accumulating. Now they have the hammer they need to maintain a nice lid on the gold market. Guess some people were played for dupes.