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To: Zardoz who wrote (38348)	8/4/1999 4:21:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116753

And what goes around comes around.

To: Zardoz who wrote (38348)	8/4/1999 6:50:00 PM
From: russet	Respond to of 116753

Hutch, many posts ago DD gave an example of what he thought a gold company like ABX was doing to lock in a higher price for gold in a declining POG market. It concurs with what ABX employees have publicly said is their hedging program, because it removes the risk of swings in the price of gold. If this is not what you understand, perhaps you could explain what ABX is really doing, and perhaps go further, and describe how that affects supply and demand of gold in such an adverse way as to depress the price of gold to current levels, as some people seem to think it does. TIA, Edit, I think you may have answered it. It is hard to keep up with the posts on this thread, thanks.

To: Zardoz who wrote (38348)	8/5/1999 7:45:00 AM
From: Bobby Yellin	Respond to of 116753

please pretty please Hutch post what you private messaged me this morning..and explain if that happens what the fallout would be and the steps of government intervention I don't care if you are right or wrong..when governments intervene to try to control markets for the "benefits of their citizens" not for nefarious purposes..reading tea leaves is next to impossible ps I hate being the messenger..I am also getting mighty scared that people will think I am trying to curry your favour so you will tell me your thoughts.. that totally goes against my self image..(read Light in August by Faulkner..principles at all costs..off the cliff) ps if an L.t or somebody else tries to throw coconuts at you.. remember what comes around goes around with a greater velocity and a greater impact :-)

To: Zardoz who wrote (38348)	8/5/1999 8:03:00 AM
From: Bobby Yellin	Read Replies (1) \| Respond to of 116753

ps re that pm this morning what you suggested this morning might be the fix for the strong yen.. if that occurred wouldn't the major governments be behind it or would its failout create another worse situation ps I think the governments would like it but the big trading firms that have been piling money into the Japanese market etc might lose a lot of their "liquidity" which also could be great..because it could cut down speculation..unless the fed rescues some more..