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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bill Grant who wrote (5471)1/9/1998 11:05:00 AM
From: Jaakko  Respond to of 116753
 
How hedge funds work....not taking into account the MULTIPLIER effect though!!!

<<There is no doubt in my mind that the large speculators are taking advantage of the market's fear of central bank sales to bully the gold price down and make huge profits. That is what lies behind the current weakness in the price>>

gold.org

The above author, however, doesn't take into account that the DERIVATIVE market through which the manipulators control the POG is a MULTIPLE of the total world-wide PHYSICAL above-ground amounts of GOLD!!!

Message 3089917



To: Bill Grant who wrote (5471)1/9/1998 2:47:00 PM
From: Dwight Taylor  Read Replies (2) | Respond to of 116753
 
Thanks Bill--he did say it. I wonder how he was dissuaded from acting on the gold purchase.


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