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Gold/Mining/Energy : GOLD-XAU -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (788)	12/21/1997 1:09:00 PM
From: Keith F. Wunderlich	Respond to of 1756

Don, Could it be that you are considering in your thought process that there is an up-tick rule, as for stocks, that exchanges use to eliminate pyramid type selling of stocks short to drive the price down. I agree that on a stock being shorted, that since exchanges will require the price to be equal to or above the last long sale, that the short sale is only a "perception changer" as opposed to "an actual price mover". But for gold? There is no up-tick rule thus shorted gold can be sold at a lower price than previous and therefore the actual sale is a "price mover". Keith