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

To: Bobby Yellin who wrote (39059)	8/15/1999 6:45:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116922

Let's look closely at Goldman, and COMEX: If Goldman was serious about buying GOLD, they'd do so on the LBMA, but they choose to do it where it would cause the most interest and most pressure on the gold price, at the COMEX. From: #reply-10903365 To: mick (38794 ) From: Hutch Wednesday, Aug 11 1999 10:32AM ET Reply # of 39062 They sure know how to kill a rally in New York. Actually there is more manipulation in the NY rally of gold, when the LBMA is closed, and the NYCE is open. The thinner market gets the wider spikes. So if they bought on the LBMA, where the daily volume is around 30M TOz they could have effectivly bought all the gold within a few days with out any pressure in the NY markets. So there intentions need not be to OWN gold, but possible cover futures contracts. But one does not announce to the markets, that one is covering their positions. That would be an oxymoronic action. Hutch PS: In the way the internet became over valued, so can the golds. To make assumptions that are based on facts, is to assume. In assume you take actions which may not be true. Just because Goldman recommends certain gold stocks to outperfrom, does not mean that Gold will climb. Barrick has outperformed the gold sector ever since the 80's, yet gold has fallen in price much of the 90's.