Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (35189)	10/5/1999 10:42:00 AM
From: Brian Hornby	Respond to of 44573

this is on the news wires today. Looks like there is something behind the shorts having to cover and no gold available story.. perhaps there are a few more shorts out there <g> ---------------- According to a number of sources, a large gold transaction took place in ACCESS trading late Monday above the market price at that time, and this helped to spur further buying interest in Asia and Europe overnight. One dealer said some 10 tonnes of gold, or 3,500 contracts, was offered at $321, when spot gold was hovering close to $315. A buyer--rumored to be in desperate need of short-covering--was found, the sources say. More