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

To: Boolish who wrote (14998)9/17/2008 6:52:23 PM
From: dara  Read Replies (2) | Respond to of 29622
 
Was Lehman one of the banks that was shorting gold? I remember JP Morgan and HSBC but I don't remember the other 7 or so odd banks with large short positions in gold.



To: Boolish who wrote (14998)9/18/2008 12:58:49 AM
From: GST  Read Replies (1) | Respond to of 29622
 
In my view it is very plausible that there are large gold shorts being forced to unwind. I also think you will see international gold buying that really catches fire -- if and as the price of gold keeps on marching upwards. As a safe haven, gold is well placed at this moment in time. And it is 'positional' in the extreme. If and as more and more large scale investors actually take delivery -- oh boy, watch out.


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