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

To: Terry Rose who wrote (18889)9/14/1998 11:52:00 PM
From: banco$  Respond to of 116762
 
The fund may be short gold because it is concerned about the state of the other 97% of its assets, and this is their way of saying it. And as suggested, when gold nears a breakout or upper resistance, the offense is certain to emerge.



To: Terry Rose who wrote (18889)9/15/1998 8:21:00 AM
From: long-gone  Respond to of 116762
 
Terry, I suspect there are powerful forces short gold at play in this market. I moreover suspect these short positions are supported only by hype,"news", and control of funds(not selling gold based funds through 401k plans). I have sent a letter to the SEC asking if "analysts" who downgrade gold as an investment work for major brokerage houses/ banks which hold a short position, but fail to disclose that position.
rh


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