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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: PaulM who wrote (44274)	10/28/1999 10:38:00 PM
From: IngotWeTrust	Read Replies (2) of 116759

You are welcome, Paul. Yes, the CALL HOLDERS are owed GOLD, and the counterparties who do NOT HAVE THE GOLD EITHER, are trying to create a whiteout type blizzard of papergold (otherwise known as paper mache' in kindergartens down here) over the missing physical gold instead of delivering the gold to those demanding it. Interesting precedent being set here right under our little goldbug noses... If you were one of those LONG GOLD CALL HOLDERS, say at a strike of $275 basis October 99, would you be interested in: Paper "adjustments" via derivatives strategies over time instead of GOLD?... Paper "equity positions" in now defunct goldmining companies instead of GOLD?... hell, even proceeds from machinery liquidations instead of GOLD? especially in Ghana where the government is about as corrupt as in Suharto? Go back and re-read that Cambior standstill agreement. Everything EXCEPT physical gold is being waved infront of the noses of those WHO CALLED IN THE GOLD, b/c they know IN THEIR BEATING HEART OF HEARTS that a hellacious gold rally is coming and THEY WANT THE PHYSICAL!!! NOT time for more option paper snowflakes. NOT equity positions. NOT used mining equipment on skids. And may I respectfully suggest, Paul that you go back and re-read the "Bank of England's fiduciary responsibility to about 70 different soverign nations whose gold is in their care and keeping" post I posted a few days back on here. You know, it wasn't until I posted that myself that it even occured to me that the BOE was quite possibly NOT auctioning off the "Queen's gold." Now wouldn't THAT be a kick??? O/49r

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