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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.99+0.3%4:00 PM EST
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To: Alex who wrote (76455)9/14/2001 1:13:59 PM
From: russwinter  Read Replies (1) of 116753
 
Alex, thanks for Grant link. For those who don't wish to read it all or consider it "unimportant" I noted this Grant remark referring to the current monetary agenda,

"the payment integrity of the banking system;the dollar exchange rate; the ramifications of the loss of records and COUNTERPARTIES (my emphasis); the risk presented to the bond market by the losses borne by Cantor Fitzgerald, LEADING WHOLESALE GOVERNMENT DEALER (my emphasis);the risks presented in the global derivatives market by PRICE MOVEMENTS OUTSIDE THE RANGE OF THE LIKELY OUTCOMES BUILT INTO THE TRADING MODELS.

Gee, I think he is describing a novelty burst, or outside event.
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