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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM -- Ignore unavailable to you. Want to Upgrade?

To: Furry Otter who wrote (5887)10/6/1998 3:51:00 PM
From: go4it  Read Replies (2) | Respond to of 11603
 
Well aren't you cute. Try as you may you are still a cheesehead more than me<g>.
Hedge fund sold 300 tons short? I don't know that sounds like more of a rumor to me than anything else. Similar to the large purchases that were suppose to be made by both Japan and China over the last couple of years but I would rather be wrong and you be right.

Currently seeing 52,200 shares sold today and the bid dropping back to 11 cents. Any thoughts on that?



To: Furry Otter who wrote (5887)10/6/1998 5:46:00 PM
From: Char  Read Replies (1) | Respond to of 11603
 
Oh fuzzy one

FWIW, I think you'll see pigs fly before you ever see the IMF sell any of their gold. They just spread these rumors anytime gold starts to go up. Somehow they think that threats of sale will keep the POG down. I don't remember how much they have but I think I read somewhere recently that it is around $30 Billion worth. That would be just about enough to solve Brazils problems, then what would they do.
Dave


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