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

To: lorne who wrote (63830)	2/16/2001 11:08:13 AM
From: russwinter	Read Replies (1) \| Respond to of 116958

This is the most revealing comment from Anglogold's Williams. What I find ironic is that his outfit has the capability of blowing the shorts out of the water with the mere whisper of the following statement, "at or below $265, we feel it is in the best interest of AU to buy back a substantial portion our previously established forward deliveries. I wonder if his comments are fair warning? "The few hedge funds that are speculating at present are inclined to lean against the price. "But the day those speculators and investors, who sit on about 150 t short position in the New York Commodity Exchange, are caught short on the wrong side of their pain threshold, it will work to our benefit. "We will then see the price move up substantially more sharply than might otherwise have been the case," Williams explains, adding that such a move was evident in February last year."