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


To: long-gone who wrote (26267)1/15/1999 11:12:00 AM
From: John Hunt  Read Replies (3) | Respond to of 116958
 
Brazil up > 26%

quote.yahoo.com

In honor of Brazil, lets all sing blue skies!

gold-eagle.com




To: long-gone who wrote (26267)1/15/1999 10:40:00 PM
From: PaulM  Read Replies (1) | Respond to of 116958
 
Richard, I've noticed that myself. Someone on Gold Eagle forum sez CNBC analyst today said the Feb contract short position on COMEX was ten times COMEX ware house stock of gold.

If true, you can bet an equal or even higher multiple applies to the off COMEX market.

Richard, I think that the stakes are much, much higher than you or I making or losing some extra dollars. Wouldn't shock me if gold backwardation led to some big name defaults.