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

To: Gord Bolton who wrote (48930)	2/12/2000 6:27:00 PM
From: Zardoz	Read Replies (4) \| Respond to of 116912

Maybe the question of the BOE sale shouldn't be:"Why so cheap?" but should be:"Why at all?" I can hear it already:"Conspiracy to drive gold down!", yet that has never been the desire or care of the BOE. As can be seen by the many companies that admit to the purchases . So if it was to drive down price, then those alleged shorted hedge funds haven't covered. In deed maybe the problem arises as to what a short really is. If a company has sold forward production of 4M Toz, could that not be mistakenly accounted for as a short position of 124.4 Tonnes. In deed the whole accountability of calculating a short position on OTC derivatives and futures may be suspect. And those who state a given number of tonnes short may have some axe to grind. hutch