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


To: John Soileau who wrote (64063)2/20/2001 12:00:24 AM
From: ahhaha  Respond to of 116950
 
The paper shuffling details take a lot of forms. You haven't said any more than I did except fill in some details, none by which can I make a cent.

There are two aspects to the gold action. There's the movement of physical gold and there is the paper shuffle.

The physical gold comes from the ground and goes mostly to jewelry and CBs where it lies around and does nothing.

The paper shuffle is equivalent to who can get in and out of a commodity contract fast enough. Nobody can. Gold is money and therefore its pricing is the most random process in economics. It always does what it needs to do to make the most losers even bigger losers.

Why would anyone be interested in such a waste unless they've got an ax to grind? If one wants to grind, one should go short industrial stocks. In the final analysis you have to convert gold back to paper money. There is no end game there, except the end of your capital.