<<I still find it very odd that gold stocks would move down as a group on the day after gold spikes to US$355 in Tokyo trading.>>
I find this lack of reaction in stocks as a very positive sign that the physical buying is getting strong around the globe. Big houses might be caught off guard.
Courtesy of Jay Chen from the other thread:
<<To:marek_wojna who wrote (6235)
From: Jay Chen Thursday, Dec 19, 2002 8:32 PM
View Replies (1) | Respond to of 26378
Hello marek, An unoriginal idea for a movie script:
a. Every ounce of mined gold within easy human reach has at least three owners: one in physical possession, one via derivatives, and one via storage ledger;
b. One fine day, for no reason at all, other than curiosity, all reach for their gold;
c. Confusion, chaos, unhappy noise follow.
Imagine the drama, tension, suspense, shock, surprise, pain, anguish, disgust, and ... the hunt for responsibility!
White House and FED Emergency Reaction Task Force swings into rapid deployment, using Echelon to shutdown all financial markets.
Camera zooms in on the newspaper headlines.
Coming to a theatre near all. Few movies will play equally well as a comedy, suspense thriller, horror, drama, or documentary. This movie may not play as science fiction.
Imagine the SI posting on that fine day;0)
Chugs, Jay
P.S. Again, excuse me for repeating myself, but the day is nearer
Message 16118471
July 24th, 2001 |
