Re: POG to go to $850 or below

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applepieuk

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Re: POG to go to $850 or below

in response to

Re: POG to go to $850 or below

ElPrimero

posted on Apr 17, 2009 01:19PM

the problem with the XAU is that the company with the largest position by % is Freeport Mcmoran, the largest copper miner. So a lot of shorting of Freeoport because of the fall off in copper prices would have an unexpected impact on the gold index.

Freeport link

http://www.fcx.com/

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