Hey Eric,
<< DON'T ENCOURAGE DOUGAK.>> Huh? My last post to him was to suggest that he leave the thread and stay on his personal playground. It's rare that I even read his posts. I've expressed my reservations about the GATA "theory" repeatedly on this thread. Hardly think DAK would, or could, be influenced by anything I write.
<<What you are trying to say, which is typical of people with fr. last names, I might add, is that a few people in some big banks, we shall not say of any particular nationality lest we be seen as people who would insult some race of another as being capable of that degree of co-operation, are actually (ha! ha! ha!) trying to (he! hee! hee!) get this.. make sure that gold price does not exceed the sold-forward-price of the mines in production.>>.
Uh, no (however, that is a revealing construct which sprang from your fevered brow; see Freudian projection, supra). My point was that the Ashanti hedgebook, with banker paper bandaids plastered all over it, is still a big dyke sitting there ready to burst. undoubtedly, others stand to get thoroughly soaked when/if it does. And if Ashanti counterparties, who are in turn others' conterparties, are badly affected, will there be secondary effects?
<< which is typical of people with fr. last names>> Interesting to find THAT swipe in a diatribe accusing another of generalizing on the basis of ethnic origin. More irony than a Sheryl Crow song, eh?
John |