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To: GST who wrote (78865)9/28/1999 11:36:00 PM
From: John Donahoe  Read Replies (1) | Respond to of 164684
 
RE: Gold is NOT moving based on inflation. It was the most oversold, manipulated market known to mankind

You make it sound so black and white. IMO it's not an either or situation. Gold is and always will be primarily an inflation hedge. It also has industrial uses and is used in jewelry.

And yes, it can be controlled and manipulated.

I guess we will just have to disagree.:^)




To: GST who wrote (78865)9/29/1999 9:18:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
The rumor
mill had the gold market as much as 8,000 tons short going into this squeeze -- imagine trying to cover that position!!!
Good luck.


GST,

Who would the the average short? Brokerage firms> Hedge funds? etc.

Glenn