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Gold/Mining/Energy : Precious and Base Metal Investing
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To: russwinter who wrote (669)11/29/2001 5:06:49 AM
From: d:oug  Read Replies (2) of 39344
 
From Enron Metals site:
Forging a Better Marketplace for Metals

... Enron Metals offered three new physical contracts
and many financial ones. It expects to rapidly grow
its number of products. As the metals market participants
become more sophisticated and learn that it is possible
to structure transactions to minimize risk and maximize earnings,
the market will require more and more innovative products.
... [a safe bet] Enron Metals will be the one to provide them.
... [a safe bet] Enron Metals will be the one to provide them.
... [a safe bet] Enron Metals will be the one to provide them.

thedeal.com
Investors flee market
by Donna Block
...[moreover,] shares of financial giants, Citigroup Inc.
and J.P. Morgan Chase & Co., are suffering collateral damage
from Enron's stunning fall from grace. The banks, both members
of the Deal Large-Cap Index, have loan exposure to the energy
company. It is unclear how large the outstanding loan agreements
are but analysts suspect it could be anywhere from $400 million
to $800 million. Citigroup shares fell $2.75 or 5.44% to $47.80
while J.P. Morgan shares fell $2.30 or 5.8% to $37.50.

lemetropolecafe.com
[Start Gata Bill's Midas at his Le Metropole Cafe]
The James Joyce Table
Gold, Commodities,
Midas du Metropole
Topic du Jour
11/24 - Are The U.S. Financial Markets in Dire Straights?
Right Now!
The gold and silver markets...
... Citibank, J.P. Morgan Chase and Enron are ALL members
of the London Bullion Market Association (LBMA) in London.
Isn't that quaint! Citibank and J.P. Morgan Chase are both
defendants in the Reg Howe price-fixing lawsuit. J.P. Morgan
Chase has 20 trillion of interest rate derivatives on their books.
The gold derivative positions of Citibank and J.P. Morgan
Chase rose sharply on a percentage basis the past couple
of years. That was not the case at most other bullion banks.
Enron prided itself on making markets and floated the notion
that they were the world's premier derivative traders.
Throw all of those facts into a neutron derivative bomb stew.
Who knows what is really going on behind the scenes?
But the action of the bond market tells us something is VERY wrong.
I have been pounding the table on this for a couple of weeks.
The bond prices are collapsing in the face of the Treasury's
manipulation and going straight down in the face of terrible
economic news.
For example:...
[Stop Gata Bill's Midas at his Le Metropole Cafe]
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