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

To: Rarebird who wrote (57267)	8/13/2000 8:05:38 PM
From: goldsnow	Respond to of 116998

This is a very tedious article that can be IMO summed-up by the following excerpt... <<<<How dangerous are these gold derivatives? Apart from dwarfing annual new mine production, they must also be viewed against: (1) reasonable estimates of a current equilibrium gold price on a commodity basis of $500 to $600/oz.; (2) a total net short gold derivatives position estimated at anywhere between 7000 and 14,000 tonnes; and (3) the possibility of a surge in western investment demand for gold caused by stock market declines or other outside events. >>>> This thread devoted a considerable effort to discern that "how much"...To me this is not important...Every single derivates scheme is just that "a scheme", even if dollar denominated....<gg> Buy low, sell high..<g>