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

To: TD who wrote (43546)	10/21/1999 11:22:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116997

Have You seen this table Showing the COMX Put/Call Ratio? mrci.com Did you notice that the ECB agreement also covered gold derivatives trading? The press didn't seem to pick up on that one. What is a Central Bank doing writing gold calls anyway? And furthermore who would be stupid enough to take the other side of a CB call--in hopes of a cash gain--when a CB itself can influence the market? IMHO gold calls are the modern day version of the inflated warehouse receipt.

To: TD who wrote (43546)	10/22/1999 7:21:00 AM
From: long-gone	Respond to of 116997

Thanks TD, you're right very good read. The author got as near the term corrupt "MF's" with out actually saying it as possible with his quote: "It is most amusing to consider the fact that Ashanti's margin liabilities would have been covered by it's existing $270 million revolving credit facility if and only if gold was below $305.00 in value at the time of the expiration of the standstill agreement. As gold was trading at about $302 at the time, no margin call existed and the banks did not have to reserve against possible losses. It was obviously to the benefit of the Bullion Banks to have gold at a specific price at the time, and those who see the world one way would say that they were just lucky. And, in late breaking news, Ashanti was given an extension of their standstill agreement although the duration of the extension was not released. As noted, lease rates dropped in gold today, thus giving the decided appearance that physical gold was plentiful as Kuwait announced that it planned to deposit its 79 tons of gold with the Bank of England so it may participate in the leasing marketplace. This is most unusual as Moslem law forbids charging interest but I guess that the government is secular rather than religious. All in all, a day of coincidences." One day, perhaps very soon, there will be another administration in charge. Maybe, just maybe, these many "coincidences" will find their way in front of a Grand Jury, SEC or CFTC head, or head of the Dept. of Justice and we shall see what we shall see. Despite what some post, there is simply no way the current administration is NOT involved.