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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (11715)	4/24/2002 3:57:16 AM
From: Square_Dealings	Read Replies (1) \| Respond to of 19219

Yes I think gold has been used as a source of low (1%) money by a lot of institutions including the IMF, FRE, the government etc etc. A credit crunch will put gold a lot higher, I dont know if its tomorrow, next week or next year but its coming. I first bought gold at $260/oz and took delivery. That's when I found out the bank that sold it to me didnt really own it, they had to go to Goldman Sachs to get it. Silver is the same deal. A lot of stuff sold short/borrowed, many billions worth. M.