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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (16498)	12/12/2002 2:11:46 PM
From: Ahda	Read Replies (2) \| Respond to of 81132

Question is your end of the US robust business wise?

To: Alan Whirlwind who wrote (16498)	12/12/2002 2:24:06 PM
From: sea_urchin	Read Replies (1) \| Respond to of 81132

Al, why I am fairly confident that the price may hold is because the lease rates haven't risen throughout the whole $10 price rise. kitconet.com In the past, whenever POG hit $323, or thereabouts, the lease rates would shoot up as, presumably, the short-sellers leased the gold prior to selling it. In fact, I understand (I must have read it somewhere) that it isn't easy to borrow, or even buy, a substantial amount of gold at the moment. Another thing. We always heard that if POG got above $330 the big "shorts" would be seriously squeezed. In fact, J.P. Morgan ws going to be in big trouble. I don't know if that story is true, or not, but these could be very interesting times with POG over $330. As you know there are some estimates of a short position of 5-10,000 tonnes, or even more.