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Gold/Mining/Energy : KITCO - Gold discussion -- Ignore unavailable to you. Want to Upgrade?


To: sea_urchin who wrote (127)9/24/1998 6:14:00 PM
From: Robert Dirks  Read Replies (1) | Respond to of 989
 
Last year Frank Venerosso estimated a Gold short position of
8000 tonnes. I believe he was right and we have probably added significantly to that number since then.
Joe public does not know this yet, and when general investors realize what a problem this is they will jump on board, and turn the market upside down.
It looks to me like we will now have a "Hedge Fund Crisis" on our hands not too long from now.
How many more of these "Crisis" can the fiscal wizards handle ???

Regards