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

To: pater tenebrarum who wrote (39343)	6/13/2000 8:48:00 AM
From: LLCF	Read Replies (2) \| Respond to of 42523

< Deutsche Bank just upgraded GS and JPM...the biggest gold shorts upgrading each other just before their game gets blown out of the water?> LOL... FYI, Grants has a bearish piece on the banks. All the usual risky subjects. DAK

To: pater tenebrarum who wrote (39343)	6/13/2000 10:37:00 AM
From: Archie Meeties	Read Replies (1) \| Respond to of 42523

I think they know that the paper gold market will just shut down before their shorts are burned. That is why I say that all paper will burn. There can be no other explanation for the prolongation of the gold carry trade right now. When I mean shut down, I mean that something similar to what happened in Japan with palladium a few months ago will happen and be prolonged. Any miner who must go through a bullion bank will throw up their hands in exasperation, except those who can sell bullion directly.