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To: Bobby Yellin who wrote (41753)10/1/1999 10:23:00 AM
From: William Peavey  Read Replies (2) | Respond to of 116764
 
Last week before the excitement, I noted that the Gold Futures Options for November 275 were selling for US$0.80
The closing quote on Wednesday this week was US$27.60

A small gain of 3450% ignoring commissions...

Were any of you prescient enough to hit this particular jackpot?

Bill



To: Bobby Yellin who wrote (41753)10/1/1999 10:27:00 AM
From: Serge Ladouceur  Read Replies (3) | Respond to of 116764
 
To everybody:
Hi, I am new to this thread. I appreciate all your comments. Here,s the latest price:

306.50 309.50 +8.80 +2.96% lo: 304.00 hi:311.00



To: Bobby Yellin who wrote (41753)10/1/1999 11:01:00 AM
From: Tunica Albuginea  Read Replies (1) | Respond to of 116764
 
Bobby Yellin, consumer spending spending more than they
are earning fits very nicely in the overall equation.

My equation simply states

all debt must eventually be paid

At this point knowledgable folks ( financiers that can add
1+1=2 have concluded ( wisely I think ) that our
children and the unborn will refuse to pay the
high world debt acummulated by the high spending
consumer. ( trillions and trillions, <VBG> ).

So they are sticking it to the consumer by
raising rates in some countries
and
by printing more paper in others.

Unfortuantely cosumers are never willing to go
on a low cash diet ( ie pay higher rates ).
So they will rebel.
They will choose printing more money.

POG will go up,

Same old same old.

Initiated a new position in PDG today,

Oh happy days,

TA

Message #41753 from Bobby Yellin at Oct 1 1999 10:16AM

care to comment if consumers are spending more than they are earning-
how does that fit into your equation?