Hutch,
Another opportunity for you and o49r to walk your talk.
For sure the following is out of gold_tutor's scope of knowledge,
but you if you are really who you say you are and not just that
highschool kid getting samples from say your father who really
is a derivative expert, then you can address the following items
from an already famous person that includes your line of work.
But then you have the same course you have taken each time,
that being you will only debate Gata Bill with the history he had
with you on this threads years ago. If so then might you consider
that your time posting to this thread be a folly attempt to show
those who read it that you are up to speed on the following.
lemetropolecafe.com
The Toulouse-Lautrec Table
World Markets
Topic du Jour
To: Bill
From: Jim
March 17th, 2002
... [because of this] I respectfully request you consider for publication
Harry Schultz's recent "Letter to the Chairman."
hsletter.com
Quoted from the Harry Schultz Letter, HSL 623 10 March 02
... [a] mega-derivative squeeze is coming
from #### ### & ##. ## (ie, 1-2 trillionaire Chinese),
which will shred the present day gold cartel to confetti.
With them will go all the hedged mines.
And their shareholders!
Currently, U must note...
GOLDSHAREHOLDERS should send the letter below to the chairman
of every gold mine that hedges its gold production forward,
in which U own stock. A Chairman is legally responsible
to shareholders for managing his management. After receiving
this letter the board chairman can never claim to not have known
that derivatives carried extreme legal and structural risks.
This letter may end... U can print this out from email
or ask us to send U a fax copy or photocopy this letter
and recopy. Add you name...
... about which more another day.
Here's the letter:
Dear Mr. Chairman:
In light of the recent accounting & Enron scandals,
I require answers...
1. What percentage of the funds...
2. In derivative contracts with...
3. Have we dealt with a...
4. Is the subsidiary of the...
5. If we have dealt with a subsidiary of...
6. If we have dealt with a substantive investment or...
7. Can we trade the entire transactions of the...
8. Assuming we used leased gold contracts as part of...
9. Regarding the hedge instrument:
a. Was the trade transacted...
b. Is there a regulatory...
c. Are the prices of these instruments...
d. Was the price of the instrument...
e. Is there an open...
10. Regarding legal considerations:
a. Are you familiar with...
b. Are you familiar with...
I require prompt answers to these questions,
as without this knowledge no responsible conclusions
can be gained concerning the actual risk our company has,
regardless of our company's position in the industry
or the size of your treasury. If you have not reviewed
all the criteria of the individual hedge contracts,
dealer's stability by documentation & freedom to deal
for closure by individual leg or by total spread position
with any dealer of your choice, I would feel you are not
fulfilling your duty to us,
Sincerely yours, |
