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To: Lucretius who wrote (3361)	9/24/1998 9:44:00 PM
From: SJS	Read Replies (2) \| Respond to of 14427

LT, I just read this about LT Capital. Didn't know this, did you? _________________ Gold-mining shares gleamed on speculation that Long-Term Capital Management is carrying a huge short position in the metal. If so, Long-Term eventually would have to buy back gold to cover its short position, driving gold stocks higher.

To: Lucretius who wrote (3361)	9/25/1998 10:54:00 AM
From: 007	Read Replies (2) \| Respond to of 14427

Luc, I don't agree with you on silver being two years into its runup. It went up and came all the way down. Since it retraced the entire rally, it's quite a stretch to suggest that it's in the midst of a two year old uptrend. However, even if it were two years into its uptrend, that could easily be interpreted as bullish for silver and wouldn't necessarily mean that it would end its rise two years ahead of gold. You would have to be making an assumption that gold and silver cycles are of the same length but staggered. Hey, no matter what, this definitely isn't worth arguing over I owe you a lot of thanks for drawing my attention to the metals early on. I'm loving NEM and CDE today. Have a great weekend, 007