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

To: Zardoz who wrote (27366)	1/30/1999 7:17:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116762

<<"If a hedge funds KNOW that there is this large UNCOVERED short position out there, they'd be the first to jump on the GOLD BULL band wagon. Do you really think that they'd give up a large hit? They could buy option on the futures, at for june 29000 {let say} for $7.3 in volume, and force execution. So they could even flood the whole option forwards to 35000 without much effort, or cost. and just start demanding delivery all the way.>> Perhaps now the Hedge Funds will. Now many in the world "know(?)" what they only "suspected". Nothing fuels a feeding frenzy like a feeding frenzy.

To: Zardoz who wrote (27366)	1/30/1999 9:06:00 PM
From: Bill Murphy	Read Replies (1) \| Respond to of 116762

Hello Hutch, The good news is once you have come around we are on our way. My honest opinion is that this has been a controlled game and I am going to try and prove it and take on the Wall Street establishment. Gold should be fairly price today at $500, in my opinion, and I am going to try to give evidence to the world of that. Best to you. Bill

To: Zardoz who wrote (27366)	1/31/1999 1:00:00 PM
From: Lucretius	Read Replies (1) \| Respond to of 116762

hutcho, just what would cause an increase in the price of gold? My guess is you'd say "nothing." (G) the fact is that there is a very large short position that has helped in the tremendous leveraging of the world's financial mkts (there's more in the bond mkt than the stock mkt) when these positions are finally unwound (which they will be)... you will see panic to cover in gold and panic to sell in the US stock and bond mkts. I sincerely hope you are short this week. Things are going to start getting fun. ho ho ho -Lucretius