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To: Rodney King
"LOL. You gold bugs are one bizarre bunch. I like gold, and if I had extra cash would buy some. But believe me, you can't sell more gold than exists. When they sell future production, they sell future production..."

I am not a gold bug. You obviously have not read the entire thread. You have skipped to the ending to get in your one-line-zingers.

The short contracts on gold are more than 7 years production. Where are the shorts going to buy gold to deliver their shorts? The physical market. This will make the gold price rise. This means that the shorts will be buying in a rising market. It is happening right now. There is a shortage of physical gold because people are observing its rise and don't want to sell into a rising market...

Do you understand what "paper gold" is?
66 posted on 12/18/2002 6:18:00 PM PST by rohry
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To: rohry
The short contracts on gold are more than 7 years production. Where are the shorts going to buy gold to deliver their shorts? The physical market. This will make the gold price rise. This means that the shorts will be buying in a rising market. It is happening right now. There is a shortage of physical gold because people are observing its rise and don't want to sell into a rising market...

O.K., yeah, so? How are they selling your gold?

What you are saying is a good case to buy gold. It does not mean there are any conspiracies. So some people made a bad debt. What's the problem? Commodities trading is a zero sum game to begin with, you should be happy to be able to buy now and profit.

67 posted on 12/18/2002 6:20:24 PM PST by Rodney King
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