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Gold/Mining/Energy : Gold Derivatives
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To: Stephen O who wrote (24)9/25/1998 8:45:00 PM
From: Leigh McBain   of 39
 
No argument. That's why the short position in gold, even in the type of environment that teevee was referring to, is still a potential issue when considering the future POG. Part of the reason I brought it up, is that I know that the banks (especially in Switzerland) are making it very difficult for people to execute transactions that moves the bullion between institutions. There is also a great deal of speculation about bullion claims starting to surface over the next few years that may actually force the short call.

Salut,
Leigh McBain
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