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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: jgibbs who wrote (24849)	12/23/1998 2:05:00 PM
From: Bob Dobbs	Read Replies (1) \| Respond to of 116958

Yes, it is possible, though unlikely the central banks will settle for cash. They would have to admit to their constituents that 25-35% of their gold is no longer in the vaults! Yes, purely paper transactions are possible. I don't know how many purely paper transactions there are out there although I've heard the Fed, for instance, made quite a bit of money selling calls on gold. All I know is the 8000 tons short position estimate is PHYSICALLY UNCOVERED. Which CBs have shorts, covered or no, again, I don't know and I doubt they'd want anyone to know.