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

To: Bobby Yellin who wrote (7273)	2/5/1998 8:57:00 AM
From: PaulM	Read Replies (1) \| Respond to of 116763

Hi Bobby re: <<<gold will not rise sharply>> Buffet, Templeton. IMHO... Silver can teach us alot about gold. 1. There won't be significant CB sales. What keeps the price of the metal depressed are loans which allow shorts to act as though there is more sold metal than there is. Until the shorts have to buy back that is. 2. Taking delivery is what puts an end to the depressed metal game. 3. Once the game is over, the price of the metal will rise well beyond what it would have been had the game not been played in the first place. 4. The short position has gotten out of hand in the metals markets. Ala Frank Veneroso, AU position may be too large to be covered. I would add the caveat, too large to be covered AT A REASONABLE PRICE. 5. It's best to work through the LBMA. 6. Once you take delivery, it's best not to tell anyone where it is. These lessons aren't lost on the longs, the shorts, CB's or commodities regulators. Silver and Au may go up now reagardless of the state of the world, just because of payback.