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Strategies & Market Trends : The coming US dollar crisis
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To: ggersh who wrote (55296)4/29/2014 6:45:27 AM
From: Real Man  Read Replies (2) of 71475
 
Should I use "next time banksters must be lined up against
the wall and shot" in my signature? -g-

These are all rate/currency swaps, zero for zero, so no VAR in
sight. That includes gold. Of course, if one of the rates or currencies
misbihaves, such as gofo spike down to -5% due to severe shortage
or a currency debacle, the derivative boyz will be in for a rough ride, their
zero VAR going "WTF just happened?"

Just as Jesse finally writes about gold backwardation
today, it is starting to go away a little. I wonder if
that difference of gofo from zero matters. Seems to matter
only the other way - when gofo is positive, gold is trashed.
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