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

To: pater tenebrarum who wrote (55811)7/6/2000 8:07:26 PM
From: long-gone  Read Replies (1) | Respond to of 116811
 
Very interesting, but imho tells only part of the story.
I did, though, find this quote very interesting:
"Bullion banks through fractional reserve lending, find themselves in a perennial short position with gearing from 5 to 40."

So if that figure we came up here is actually between 5X & 40X low - WOOSH - DAMN!



To: pater tenebrarum who wrote (55811)7/6/2000 8:57:46 PM
From: Ken Benes  Read Replies (2) | Respond to of 116811
 
Excellent post. The producers of fools gold have used their precious reserves to collateralize the short positions of the speculators and those with a political and economic agenda. It is not beyond consideration to sell all shares of the producers and drive them into the ground and start all over. The current managers of the senior gold producers are beyond help.

Ken


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