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To: long-gone who wrote (61764)1/25/2001 3:31:40 PM
From: LLCF  Respond to of 436258
 
<is there any doubt the hard shorts are so ingrained into their established action plan that were the miners to cover 10 M. Oz (or greatly more for that matter) they would simply write enough to off-set? >

Don't know... I've been very sceptical that investment banks are actually short massive amounts of gold as some here have implied. But I don't know, I just can't believe they would do it... and I can't especially believe that if ABX was shopping this 'buy order' around that they wouldn't take gold up if for no other reason than to make them pay a higher price and screw 'em like a good broker does. In short I can't believe anyone would sit there like a lump on a log with gold down at this price and just say... "sure, sold!" I've been wrong about such things before.

DAK