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Gold/Mining/Energy : Mongolia Gold Resources
MGR 21.47-0.2%10:19 AM EST
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To: Dave R. Webb who wrote (2922)12/12/1998 9:48:00 AM
From: Pete Schueler  Read Replies (1) of 4066
 
Dave, Excellent commentary on the synthetic market. It would seem that a major player(s) would sense this shaky stack of cards and try to topple it after placing some big bets on the long side. Why doesn't this happen? For instance, Middle East high rollers could probably gang up on the market and precipitate a meltdown of synthetics. In fact, the major producers could probably accomplish the same thing if they just closed out their forward sales. When is someone going to take advantage of this huge opportunity?

Pete
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