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

To: PAUL ROBERTSON who wrote (43936)	10/26/1999 3:29:00 PM
From: ahhaha	Respond to of 116756

Increasing time risk to hold short. Inflation is in flower so ceteris paribus the time value of gold is rising. The CBs have confirmed the inflation risk. They agreed to stop selling gold because they recognize the era of intrinsic deflation is over, not for all the reasons bandied about either by them or others. They would be making a major mistake to be caught without gold during an inflation. Forward means future expected price where future is in months. The lease rate is instantaneous marginal demand/supply state which changes daily. The lease rate has dropped because the "crisis" is over for now. Is ASL bailed? Do all those hedgers trust one another to not go in and cover? Goldfields did the smart thing. They covered and probably at a loss, but they got in line with the market. They took a small loss to get out of the hot seat. The heat of the seat is causing the gas to rise over the gold pit.