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To: Jim Willie CB who wrote (211)	6/7/2002 12:04:56 PM
From: Jim Willie CB	Respond to of 89467

MiningWeb.com explains the plunge in the gold price Wedday The plunge, MiningWeb says, "came in the wake of a large after-market trade in New York last night, with an unnamed fund liquidating 5,000 futures contracts, a move which knocked the price first to $326/oz, then to $324/oz, and finally to $321/oz, where some dealers reckon it has found support. Interestingly, one senior Johannesburg-based trader says the long-liquidation by the fund appears to have been an intentional strategy to lower the gold price. He could not give reasons for the fund's alleged intent, although he said it could have been a move designed to lower the gold price in order to buy in again at lower levels. The sale was executed using the 'Access' system on Comex, which allows for anonymous trading by large funds." This story probably will make MiningWeb's home page shortly: theminingweb.com But for now the full link is here: m1.mny.co.za C?OpenDocument If that doesn't work for you, go to MiningWeb's home page, click on "Gold" at the top left, and the headline "Why gold tanked" will appear on the next page to open up. If MiningWeb is right, it would seem that certain shorts may be awfully eager to cover soon. CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc (GATA)