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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (14661)2/8/2002 6:41:19 PM
From: TobagoJack  Read Replies (5) | Respond to of 74559
 
Hi Snowshoe, When gold price was going down, we were told ...
(a) there is no manipulation,
(b) hedging does not depress price, and
(c) gold will keep going down.

Now that the price is going up, we are told ...
(a) there is manipulation,
(b) unwinding of hedge only helps the price a little bit, and
(c) gold will not go up much.

There is a lack of symmetry and internal consistency of logic.

Chugs, Jay