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

To: pater tenebrarum who wrote (55821)	7/6/2000 10:08:38 PM
From: long-gone	Read Replies (1) \| Respond to of 116798

<<some gold industry executives have realized what a game is being played and consequently refuse to play along..but we'd need the whole industry to foreswear the practice. that would remove a lot of pressure from the market. >> But "the practice" & or the creative use of puts & calls is all that is keeping some of the small ones alive & kicking. Should we all be reminded Standard & Poors (S&P) issued a public statement in which they said they would downgrade the debt rating of all producers which did NOT hedge! Is this BS Manipulation from on high - Why do I even ask this question again? I never saw anything from S&P that changed the practice. When one looks just one scratch below the surface - there is far more dirt that can be piled on the hedged or lightly hedged producers or than all them move & dig together.

To: pater tenebrarum who wrote (55821)	7/6/2000 10:17:36 PM
From: Enigma	Read Replies (3) \| Respond to of 116798

Nearly all gold industry executives - certainly in the larger companies know what's happening. Some hedge some don't. There are arguments either way. You've come to this thread fairly recently - this thing continues to be trashed about ad infinitum. Go back a year and we have the same sort of postings but some of the players change. One can wish for this or that - but unless production is in the hands of a few companies concerted action is not possible given the competitive nature of mining. And even if it were possible for miners to act as a cartel - as nota bene insists so stridently - governments would step in and act against them. The oil cartel is possible because of a set of entirely different circumstances.

To: pater tenebrarum who wrote (55821)	8/11/2000 7:46:57 AM
From: long-gone	Read Replies (1) \| Respond to of 116798

OK, this says something BIG is going to come apart & they want to protect "special" people bu underwriting bank problems from the tax $. Gold carry & loans? Bank regulators propose increase in maximum deposit coverage By Nicholas Kulish THE WALL STREET JOURNAL WASHINGTON, Aug. 10 — The Federal Deposit Insurance Corp. released a report on plans to update the banking-insurance program, including a controversial proposal to double a bank’s maximum coverage to $200,000 per depositor. more msnbc.com