Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Jim Willie CB who wrote (21492)	11/7/2002 8:46:53 PM
From: SliderOnTheBlack	Read Replies (3) of 36161

Gold-Eagle.com Bank Derivatives List ? Does anyone have the old Gold-Eagle.com article from about 1 1/2 - 2 years ago, that had the list of Banks with their Derivative Exposure to Market Cap numbers listed ? My hard drive got wiped out 4 months ago and I lost all of my old saved articles... Jim Wille CB... I'm not big on trading rumors; but without any question - there's been derivatives and specifically gold-short trading exposure "smoke" emiting from JPM for sometime now... and where there's continual smoke for 2 years... there's still more than likely some hot embers still around... whether a fire breaks out ? - we'll have to wait & see. I don't know anything about the Enron, Wcom, or Argentina issues - although, it seems plausible and in this recent environment - why should an accounting scandal that collapses the House Of Morgan surprise us. That Gold-Eagle.com article showed JPM/Chase having derivatives exposure at a multiple of their market capitalization. ...once again; the final Tsunami Rogue Wave Event will be a chain of events... and imho; it will be a "derivatives" event that starts the dominoe's falling. I also lost the article stored on my hard drive that talked about how after the big Gold-short smack-down of that fall-'99 Gold Spike - that one of the big banks moved it's entire gold trading dept to Europe to evade US Bank regulators... anyone have that link, or article saved ? I can't remember if it was JPM, or who ? Also; imho - we won't see much ESF/PPT intervention on the US Dollar... only to "slow & manage" the descent into the face of an event driven meltdown crisis... otherwise US Policy will be a gradual, managed descent & weaker dollar to strengthen US Industrial Exports and to start reversing that incredible Account Deficit. The Policy of a Weaker Dollar and ramping Money Supply is an absolute positive catalyst for Gold. The .50bp cut here by the Fed was the signal that they will inflate to the point of 'err - because they know how to ultimately stop & reverse inflation; but they don't know how to stop, or reverse deflation once it gains a foothold, or momenteum...and they just acquiesed to the Bond Guru's to fire a .50bp Silver Bullet at deflation's shadow here. 1. The Bond Market got what it wanted. 2. The Fed Blinked at Deflation's shadow. 3. A managed descent of the US Dollar is now policy. 1+2+3 = Gold wins !- just a matter of "How High" - "How Fast" and whether we see a derivatives meltdown leading to a POG explosion to the upside.

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