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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?


To: rubbersoul who wrote (14997)9/17/2008 4:31:49 PM
From: Boolish  Read Replies (2) | Respond to of 29622
 
Rumors floating around London that huge financial institutions in USA (that are in massive trouble) are unwinding very large bullion shorts to beef up liquidity. Could take 5 days or more based on amount of paper sold.

FWIW (perhaps not much)



To: rubbersoul who wrote (14997)9/17/2008 9:20:00 PM
From: ogi  Read Replies (1) | Respond to of 29622
 
An interesting bit from the article you posted Rubber:

However, I should add that somebody sure seems to be buying the gold mining equities from the hedge funds that are coughing them up. The Rydex gold equity fund has seen an inflow equal to nearly 50% of its assets over the past 5 days, and I understand other gold equity mutual funds are seeing similar inflows. That's the biggest inflow in the face of falling gold mining stock prices that I can recall seeing in years.