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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: John Pitera who wrote (169656)6/2/2002 7:44:29 AM
From: LLCF  Read Replies (1) of 436258
 
<If places like GS and JPM are really structurally short gold, because they've borrowed the physical gold and then sold it. >

How do you know they don't own calls from the producer covering it?? If they have a 'vol' spread on they may actually benefit form piling in and driving the price higher and screwing the customer [producers] once again!

DAK
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