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To: ALTERN8 who wrote (72133)10/27/1999 1:44:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 86076
 
it sure does...much of the recent decline was related to market manipulation by the Bank of England and certain Brokers to allow options contracts to expire worthless and give some of the trapped shorts an opportunity to unwind. i wouldn't rule out an even bigger pullback, but one can not be sure about that. as soon as one of the bigger shorts blinks we could see another frantic round of covering. based on fundamentals gold's equilibrium price is probably much higher...