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Gold/Mining/Energy : Mongolia Gold Resources -- Ignore unavailable to you. Want to Upgrade?

To: Dave R. Webb who wrote (2922)	12/11/1998 6:13:00 PM
From: Phil Jones	Read Replies (1) \| Respond to of 4066

Dave: As I read your post, you're saying there is going to be one BIG MASSIVE HUGE demand for gold bullion very shortly to replace all the phoney paper holdings in gold. Sounds awfully good -- for holders of junior gold stocks! Fasten your seat belts!!!

To: Dave R. Webb who wrote (2922)	12/11/1998 9:02:00 PM
From: marcos	Respond to of 4066

I wonder about this gold short position. Gold doesn't trade in a nice transparent market like mgr does - we're not really privy to all the details ... for one thing, a lot of gold trades over the counter out of sight, I hear ... hard to say just how big is the short position You likely know Bill Murphy and his Dutch Sale thread #Subject-21259 .... well, accepting his judgement that the short is very large indeed just leads to more questions; 1. Just exactly how large? 2. How will it be covered? 3. Must it be covered, ever? 4. Could some of the shorts be correct in their judgement that the European CBs will be dumping bullion after the establishment of the Euro? 5. Who's buying all that gold, anyway? There's a book in this somewhere, for somebody who can definitively answer those. But I bet we never see complete answers.

To: Dave R. Webb who wrote (2922)	12/12/1998 9:48:00 AM
From: Pete Schueler	Read Replies (1) \| Respond to of 4066

Dave, Excellent commentary on the synthetic market. It would seem that a major player(s) would sense this shaky stack of cards and try to topple it after placing some big bets on the long side. Why doesn't this happen? For instance, Middle East high rollers could probably gang up on the market and precipitate a meltdown of synthetics. In fact, the major producers could probably accomplish the same thing if they just closed out their forward sales. When is someone going to take advantage of this huge opportunity? Pete