Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.90

+0.1%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: long-gone who wrote (31341)	4/8/1999 7:56:00 AM
From: John Hunt	Read Replies (3) of 116795

Pop goes the weasel (Gold Leasing) << Much has been written regarding the outstanding short position in the gold market. It is this writer's view that the gold carry trade has long ceased to have any productive function other than to allow the hedge funds and bullion banks a cheap source of capital. The counterparty risk management group which includes Chase Manhattan, Deutsche Bank, Goldman Sachs, Morgan Stanley Dean Witter and Credit Suisse First Boston plan a report this Spring. According to Derivatives Week this "will deal with credit and market risk reporting, close-out procedures and dispute resolution as well as the possibility of a master netting agreement." gold-eagle.com Reminds me of the story of the mobster visiting the NYSE in the twenties and remarking at the end of the tour " Today I realized that I joined the wrong mob! " :-)) John

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next