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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: John Hunt who wrote (38470)	8/6/1999 10:08:00 AM
From: John Hunt	Respond to of 116764

Gold, Silver, Platinum & Diamonds << Persistent rumors have been coming out of London for three weeks that G-7 bankers have been bailing out hedge funds to the tune of $25 billion and at the same time making a coordinated effort to drive down the price of gold, so that as much gold as possible can be bought at lower prices. Players are the Bank of England, the ECB, the Fed, Bank of Japan and the remainder of the G-7. Supposedly Tiger Fund had market exposure of $650 billion and made grievous mistakes that would have forced it into bankruptcy taking the world financial system down with them. >> ... more at ... gold-eagle.com

To: John Hunt who wrote (38470)	8/7/1999 7:51:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 116764

Markets Fear Hedge Fund Collapse May Be Looming << Concern is growing in the financial markets that a major hedge fund is in difficulty, prompting fears of a repeat of last year's crisis when the Federal Reserve in the US had to mount a $3.5bn bail-out of Long-Term Capital Management (LTCM) in order to stave off a global financial collapse. The market for swaps, complex interest-rate derivatives which are widely used by hedge funds and the proprietary trading desks of the big investment banks to fund their high-risk trading strategies is, say traders, showing the same signs of distress that was seen after the Russian bond default last August. >> ... more at ... independent.co.uk