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


To: Bobby Yellin who wrote (40275)9/14/1999 12:59:00 PM
From: Alex  Read Replies (1) | Respond to of 116762
 
Good one Bobby...........

<<"First, even bullion dealers who dispute that Armstrong is short hundreds of tonnes of gold say they believe that believe that he is heavily short silver. One called tonight and wanted to know what the price of silver was doing.

Second, we have heard now from two very good sources that Armstrong is short 24 million ounces of gold. That is right -- 746 tonnes of gold. How is that going to be covered if Armstrong is wiped out? The Bloomberg news story says $1 billion is owed to Princeton Economics investors. Where is the money? Did it all go down the drain in a short crude oil/short yen/long bond position?

Will the Fed pull another Long-Term Capital Management maneuver to bail out another loser?" >>

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