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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (37890)	6/5/2000 12:51:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 42523

not yet...see my earlier post. they're not getting into trouble unless the PoG moves convincingly above the 295-330 congestion zone. if it is true that many CB's simply can't add liquidity to the gold market anymore, there may be an effort to get the SNB to sell their stash more quickly if we get to those levels...i bet you the bullion banks will come whining about systemic risk and will expect another bail-out. but the imbalance in the market is simply getting bigger and bigger as time goes on...i wouldn't be surprised if some of the more worried shorts (carry trade/loan shorts) were already trying to quietly exit their positions before the fit hits the shan. all it would take would be producers announcing a cutback, the CB of China announcing some buying, any piece of news could bring about an explosion imo. DLJ downgraded banks today...i think that's the only reason for weakness in JPM right now.