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To: chirodoc who wrote (5224)10/4/1998 2:30:00 PM
From: DebtBomb  Read Replies (2) | Respond to of 119973
 
Can anyone confirm this news story, (CEO HM)?

Top:Business and Finance:Stocks:Basic Materials:Gold and Silver:HM (Homestake Mining Co.)

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HM CEO confirms LTC has
shorted gold!!!!!!!!!!!!!!!!
Bassy_Tantalo
(M/Toronto)
Oct 4 1998
11:49AM EDT

I plucked this out of a Gold Chat group.....
I also heard on the radio that a fund had shorted 12 Million ounces of GOLD...that's
375 tons that needs to be bought back!!!!!!!!!!!!!
HM is a screaming buy right now!!

LTCM saga true about gold?
Yes!!!
Jack Thompson CEO Homestake did a Great interview with Neil Cavoto on Fox
Business News. ( no on line link - sorry ) He was fearless in stating ( and fully explaining
what it means ) that L.T.C.M was being forced out of their short gold position, He did
not say "maybe", or "perhaps", he stated it as firm fact. When asked where the POG
was going he answered with only a grin and a twinkle in the eye, while starting into
another subject.
IMHO we are headed to $600-900!

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HM: Quote | Profile | Research | Insider
This Is a Reply to: Msg 1 by YahooFinance

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