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To: pater tenebrarum who wrote (1733)1/7/2000 6:37:00 PM
From: Lucretius  Read Replies (1) | Respond to of 42523
 
exactly. and the index poot vol as you noted is MINISCULE while the call vol is BIG. i noticed someone pointing out ont he Kahuna thread that DJX call open int has recently soared above that of puts.

just my speculation but....

i think the inside boys know that the G-7 meeting on the 22nd is set to knock Japan's currency down and stabilize our bond mkt so the kiddies at the fed don't have to raise rates in feb; they believe they are buying from the silly suckers who are selling and don't have buds in the central bank who give them the inside scoop... but the joke is on THEM, that's why its a top (the mkt always wins).... at every major inflection point both parties are giggling to themselves thinking they are right and only one can be right and its usually the one giggling the least. What these clowns AREN'T counting on is the enormous supply and demand problems in gold... hence gold is rallying in ALL currencies.... my guess is that ABX will cover its position when they try and knock gold down and THAT will set it off. remember that George Bush Jr's dad is on the board at ABX.... there's nothng he'd liek better than to get the last laugh on Slickster and send him back to the trashcan where he came from.

but this is just wild speculation and means nothing. (BG)