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

To: long-gone who wrote (43626)	10/23/1999 11:06:00 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116972

I knew you wouldn't let me down, Richard. I was just amazed that it didn't rate a mention by anyone YESTERDAY on this thread when it finally occured. Doesn't anyone see its bullish implications for GOLD, domestically as well as globally? [Trick Q. Time: Do you think Merrill-Lynch operates solely within Geographic Boundaries of the USA??? Ditto the "Bank of Fidelity? Of Sachs? of Oppenheimer?" of DLJ?"] As far as Glass-Stegal Act's disemboweling, that has been creatively circumvented by money hungry banks [remember Citi swallowing up Travelers?] for sometime now, so I knew it was inexoribly coming. HOWEVER, consider this aspect, will you? One of the best of times to make some quick, certain money in the options market is with contrarian put buys, and this may be one of them. Consider how the bank stocks rallied recently and certainly charged ahead yesterday. With the unannounced "10 day bank holiday" coming at us like a freight train in 71 days, this should be a slam dunk short as the bullish euphoria peaks in the momo player's bandwagon effect on these stocks. And the top two or 3 candidates in the guess which insurance company is going to be acquired by a bank and which brokerage is going to buy a bank should also be shorted with impunity, FWISA. Since Y2K IS going to be a big deal and will certainly catch the great unwashed here and elsewhere flatfooted, those mergers will never happen,... ...and the public backlash unleashed upon ALL banks without even the $0.01333 per Depositors' DOLLAR actually on hand now let alone later, FDIC notwithstanding... ...well, these are all slam dunk shorts as I see it, in this crazy world and a chance to turn chump change into big bucks, provided you buy the option far enough out, A LEAP WOULDN'T HURT MY FEELINGS on the Banking Index, so that while the dust is being settled after the trading moratorium is lifted, you and I will have some of the smart[aleck] moneys' re-assigned to YOURS and MY PLUS COLUMN. Should help the Y2K chaotic financial stresses a tad. Carry On... O/49r