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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST
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To: Alex who wrote (60528)11/4/2000 5:03:11 PM
From: Zardoz  Read Replies (3) of 116779
 
The problem becomes apparent when a financial or geo-political crisis erupts as to where the gold exists in the vaults of central banks or in the form of jewelry. This problem of paper gold and physical gold could become the central banker's worst nightmare.

But then again, maybe not. Maybe a geo-political crisis is exactly what is needed for gold to hit an all time low?

Consider this:" A bumblebee is supposed to be so un-aerodynamic that the flight of such bee seems impossible; yet they fly. The over whelming opinion of the short gold seem to suggest the same impossible hedge lasting, yet it does. Maybe the analyst whom suggest the short positions:are wrong; as the scientist suggesting bee's can't fly?"

Veneroso Associates neglect many things when talking about this presumed gold shortage and leasing. Of which the most obvious is:"What is the leased-shorted gold invested in?" To fully understand a hedge, is to understand the total equations. Maybe a hedger-producer is long currency options? Maybe they are 4 times long with out of the money future options. Veneroso continues to print the picture in black & white, where colour is what is important.

Hutch
Maybe Veneroso and Associates are just wrong.
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