Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: diana g who wrote (73011)	9/11/2000 5:12:21 PM
From: SliderOnTheBlack	of 95453

Ohhh Diana - thou knows not what thou sayeth.... - No inflation ?!!? - Buggywhips before GOLD !?!? - Oil prices are no big deal in the grand scheme of things ? - Gold has few uses ?!?!.... well hell; we don't use our fiat money as toilet paper, or gift wrap - it has few real "uses" other than cushioning my ass when I sit down on my wallet either... You Gen-X'ers are beginning to scare me Di...(VBG). Gold is, was and will allways be important; and just when people sing of its demise and the Rubinites - pull off a bigger than Longterm Capital type of Ingenious-free money derivative play via shorting gold to the point that the physcial may become undeliverable; it's value will soon be discovered by those who will soon need to deliver the physical to cover - bank on it. OPEC "knows" it very shortly will be receiving less money for its Oil - "AND" will be getting paid in a cheaper -falling dollar. Why do you think they are talking about pricing & receiving payment for their Oil in "Euro's" of late... OPEC will soon massively hedge their falling Crude Oil receivables and a inevitably correcting US Dollar with long positions in Gold - this may cause a break in the derivate dam than can not be plugged...a move through $350-$370 Gold may trigger a move to $600 Gold because of the short covering that move will necessitate from the derivative crowd and a Longterm Capital type of crisis from the Banks who let this Gold Derivative play get way, way out of hand -this will remind people of the rogue Hong Kong Trader & LTC - bank on it; it may then also trigger a loss of confidence in the markets and that crisis could fuel another spike in the POG that implodes the derivative positions. This is a headline crisis that's waiting to happen & it may bring down a rather large Intnl Bank/Investment House with it - watch...

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