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To: John Donahoe who wrote (78876)	9/28/1999 11:48:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

John -- I have no problem with seeing things differently -- but the short position in gold is unprecendented in my opnion. There was never before the capacity to short gold that the central banks owned. When they announced that they would not lease more gold, nor dump gold to slam it down, it did what anything would do -- it squeezed the shorts. And what a mighty squeeze it is. It is one thing to sell a fell hundred tons -- but to lease thousands upon thousands upon thousands of tons to short sellers -- oh my. I will be very interested to see what fallout there is from this squeeze -- who the hell do think is short so much gold anyway???? It was such a cheap source of capital, such a 'sure thing', like borrowing and shorting yen in years gone by. Nothing changed on inflation -- although it may be getting close at hand on that score also.