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

To: go4it who wrote (5888)	10/6/1998 3:57:00 PM
From: Furry Otter	Respond to of 11603

The short selling was more than a rumour--I read it in the WSJ or some other newspaper--maybe the NY Times? It was there a couple of weeks ago. They said that likely sellers will hold onto their gold for a bit longer, knowing that there is (or will be) a fairly desperate buyer out there. No opinion on the recent MAXAM activity, or lack thereof. Regards, Otter

To: go4it who wrote (5888)	10/6/1998 9:11:00 PM
From: Char	Read Replies (2) \| Respond to of 11603

Charles The 300 tons is just what Long Term Capital is said to be short. Here is a quote from Bill Murphy web site. "That brings me to the point of the story. We think their may be as much as 7.000 to 8,000 tonnes of gold loans our there to producers, hedge funds, fabricators etc. The hedge funds alone are short big time." Check this out. exchange2000.com This isn't the first time I've seen estimates like this. Over the past year I have seen several newsletter writers reporting similar figures. Whether they are right or wrong remains to be seen, however I wouldn't be surprised if it were true. Dave