Open Post 2 hutch-chew = Let me helpU loosen your GaZoonTight.
Message #62702 from Doug A K at Jan 16, 2001
aTime for hutch-chew(Gazoon-2-Tight?) to prove false...
[GATA's claim] to confirm the manipulation of gold's price.
This supplements...
... [End of Warning.]
... chart that tends to confirm the manipulation of the
price of gold. egroups.com
egroups.com
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--- ok Hutch here it is, spelled out in Simple English. ---
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The James Joyce Table
Gold, Commodities, Midas du Metropole
Topic du Jour
January 23, 2001...
... A Very Bullish British Gold Auction?
As far as these British auctions go,
the results are completely irrelevant.
I think Reg Howe and Don Lindley have it nailed
as shown to the Café recently
in a chart at the Dos Passos Table.
(url to the chart)
egroups.com
The gold at the British auctions
is sold at the lowest price
and it is not revealed who the buyers are.
The auctions conveniently coincide
every two months
just after the Comex option expiries.
What appears to be happening
is that much of the gold
is fed to the dealers
who then sell calls to other dealers, traders, etc,
who, in turn, delta hedge these calls
by selling a certain amount of gold.
The bullion dealer buyers of the gold at the auctions
use that gold for their own delta hedging purposes
instead of going into the futures markets on the buy gold side
- which would be supportive for the gold price.
That is most likely why gold was bombed today
after a supposedly very successful auction.
The question still remains...
MIDAS
LePatron@LeMetropoleCafe.com
Copyright 1999, 2000 Le Metropole Cafe
Bill Murphy,
Chairman Gold Anti-Trust Action Committee Inc.(GATA) |
