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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs) -- Ignore unavailable to you. Want to Upgrade?


To: Larry S. who wrote (302)3/4/1999 1:27:00 PM
From: Richard Mazzarella  Read Replies (1) | Respond to of 972
 
Larry, <<selling of gold that is borrowed is holding the price down>> I think it's even worst that that, the hedging guys are selling gold that they haven't even borrowed (on paper). Will investors benefit in the unwinding of that? Probably not, they won't have the cash to cover. The government may even have to bail the slobs out. We will just have to wait it out and see how bad the manipulations.