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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (1943)	10/31/1998 6:14:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 81023

Bill: Ilreguardless of the short position. This is the Question: *Of the 8000 tons short position that every gold bug speaks of, how much of it is uncovered shorts?* I've shorted ABX a year ago. At the same time as I owned it. Just to ride the price either down or up, and than sell or buy one of the positions in a volatile day. If I were a CB, I may short the GOLD price, well before lending some of it out, and than buy it back just to add support. Thus lending it out again. Especially if I was some country that didn't report sales.... It's only one question, surely it can't be that hard to answer?

To: Bill Murphy who wrote (1943)	11/1/1998 10:25:00 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 81023

Bill: No doubt about the very favorable risk/reward. I guess what I am trying to say is that I have found it much easier to make money in other sectors of the market. When all or most of the fundamental and technical factors impacting a sector such as oil are bullish one can be reasonable certain the stocks will move up. Can anyone doubt that oil and oil stocks will soar if turmoil breaks out in the Mideast? But this is not true for gold. Fed easing, a sharp drop in the dollar, and tremendous global financial turmoil are the kinds of things that should have pushed gold up a lot considering how far the price has fallen. But no cigar so far.