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Gold/Mining/Energy : Gold Price Monitor

GDXJ 110.89

+1.8%

Dec 10 4:00 PM EST

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To: d:oug who wrote (39762)	8/30/1999 9:18:00 AM
From: long-gone	Read Replies (1) of 116807

<<David Tice calls the 90% Stock Loan a derivative transaction and calls it a ticking time bomb.>> Doug, I overheard some talk yesterday (one of the guys talking was wearing a ball cap with NYSE on it) saying his firm was "quietly and softly tightening select margin requirements". He went on to tell his friend he just hates weeks that start like this as it will cost him business when the firm rather than the Fed changes the rules mid-game. He was pounding shots of gold tequila and chasing them with an expensive micro-brew beer in a casino where tap beer and call drinks are free. I believe some of the most speculative margin has come out of the market or will come out very shortly.

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