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To: dbblg who wrote (80518)	10/13/1999 5:36:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

Ganesh -- I was too chicken to take a position against YHOO after the earnings -- should have bought puts. I prefer the long side -- mainly gold and oil service today. I do want to add one thing to our lease discussion -- one month lease rates for platinum are 80% -- yes 80%. That is what a market looks like when you just cannot get your hands on the metal because there isn't any to get your hands on. One month lease rates on gold are 3.6% -- they went from less than 2% to double digit when the price of gold jumped, then they dropped back to 2% and now they are moving up again. If you owned gold, would you transfer title to a gold bullion bank who would in turn immediately sell the gold in a losing bid to depress the price of gold, knowing that the bullion bank is almost certainly already in default and seeking protection from its creditors due to insolvency resulting from previous gold leasing activity? No. We have wallpaper with AGs face on it covering over a crisis -- wallpaper does not hold up well under these circumstances. AG is making a mistake.