United Keno Hill, UKH, Toronto**** Opportunity Knocks! Message Board

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Gold/Mining/Energy : United Keno Hill, UKH, Toronto**** Opportunity Knocks!

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To: Brian Gerbozy who wrote (416)	8/13/1997 5:08:00 PM
From: Bruce	of 1348

Brian Remember the Big Trader senerio? The jest was that foreign buyers were buying options on gold and were going to demand delivery rather than sell the options, and that the brokers who were carrying the paper didn't have the physical assets to deliver. This would have forced them to buy the assets to make delivery which would have driven up the price of gold and then they were going to dump it. Sounds like a trading house might have over extended itself and has to cover if the calls come in. So depress the price of silver the option holders take a loss, and the paper hanger slides. That's a good explanation on why the price silver is down, BUT I think it should take more than just one house to depress the entire world market's price. Good news on the water permit. Must have been insider trading that we saw yesterday and today. Bruce. PS Went out to the mountains sat. and got my gold the old fashion way. still panning the concentrates in the back yard.I'm not use to carrying 60Lb packs anymore. It kicked My ***.

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