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To: drsvelte who wrote (3338)	9/24/1998 3:38:00 PM
From: Broken_Clock	Respond to of 14427

The 375 tons of gold that the deriv boys got caught short on is nothing folks. Read up on the gold sights like gold eagle. It is estimated that over 8,000 tons of gold is short(conservatively; actual figures may higher than 12,000 tons). This gold was borrowed at $450/oz all the way down to under $300/oz. It must be repaid. Talk about your major short squeeze. next problem, the $ made shorting gold has been furthered leveraged into deriv currency trade. get the picture? Gold was used world wide in a giant ponzi scheme. It will bankrupt many when it all comes apart.