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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (13265)	5/8/1999 8:49:00 AM
From: HairBall	Read Replies (2) \| Respond to of 99985

Roebear: Thanks for the post, I will take a look at more than a three comparison of the DJI and XAU. Then I will get back to you. Regards, LG

To: Roebear who wrote (13265)	5/9/1999 5:59:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 99985

Roebear, i have posted on this thread that my view of the british treasury's announcement re. gold sales is somewhat similar to the GATA interpretation. by lending out huge amounts of gold, the central banks are effectively short and would be hurt if gold managed to rise significantly. thus the timing of the brits is highly suspect. the funds' vast short position in the gold futures market is what made me originally bullish on gold for the short term. now i'm not usually partial to conspiracy theories, but the gold market is so small in the overall scheme of things that it can be easily manipulated. gold's failure to act more positively in the face of rising inflationary fears and the aforementioned shorts really makes me wonder. if there are indeed manipulators at work i predict that their strategy will ultimately backfire. all past attempts to manipulate commodity markets have left the perpetrators aggrieved in the end(the most recent example being the hunt brothers' cornering of the silver market in 1980). regards, hb