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

To: long-gone who wrote (53068)	5/22/2000 12:41:00 AM
From: Hawkmoon	Read Replies (3) \| Respond to of 116764

With all your genius why are you willing to allow a far greater degree of latitude in regard to the audit precious metals derivative positions of banks & governments than of the in-ground gold & silver resources of mining concerns? So now you are advocating that all banks must reveal their positions on all of their derivative contracts, metal related or otherwise? Wouldn't that just be dandy for some market manipulator seeking to attack a particular position and force a squeeze. Why don't you and every Tom, Dick, and Harriet publicly file a report of every stock or option you own and the time you took the position on. There is only one criteria that must be met and that is that holder of that position must have sufficient liquidity to meet any potential margin calls or exercisement of a particular option position. We all know there are abuses of the system by highly leveraged hedge funds like LTCM, but that does not solely extend to the gold market Richard. What is required is the banks adopt greater oversight of their portfolio risks, both internally and with those that they lend money to. Regards, Ron