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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Activatecard who wrote (38283)	6/6/2000 10:53:00 PM
From: pater tenebrarum	Respond to of 42523

i agree this rule 133 thing could put pressure on the players...it's actually a great thing for investors in financials. they finally get to see the true extent of the risks taken on in various derivatives that so far no-one needed to mark to market. i always wondered e.g what had happened to the losses incurred by the counterparties to Fannie's and Freddie's rate hedges. they ended up as footnotes somewhere. for the PoG this is naturally a great development. scores of mining co. shareholders have developed hedge book sensitivities since the ASl and Cambior blow-ups. and then you have the whole gold carry trade facing a possible deterioration of the open position of only 14-16000 tons, LOL! there is a maxpain point in the 320-330 area i think...that's approximately where the majority of leasing scam shorts will get nervous.... Fleck reports that the China rumor is also gaining credence. interesting times await...