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

To: russwinter who wrote (69019)	5/10/2001 10:53:20 AM
From: kirby49	Respond to of 116764

Russ: On May 1st, I reported that one year lease rates had just become more expensive than six month rates. On May 8th, I reported that one year lease rates had also just become more expensive than six month and three month rates and today, I am reporting that the two month rate has now been crossed and is only slightly less than one month. At the time I felt the rates had been in backwardation and had asked the question if I was correct and how long that situation had occurred. (Perhaps since last high in 1999)? Maybe someone returning to the thread because of recent moves here can fill me in on TA side of this problem. I do feel however that this convergence in lease rates is a signal and the divergence afterward should bear watching.FWIW I hope you're right about the players in the scam however I'm not optimistic a similar fate is in store. These guys are not just slippery, they're professionally slippery.<LOL> They could sell patent rights to Teflon for the next degree of slipperiness. Enough of the superlatives, I should save some for the next jump in POG. Please enlighten me as to SWAG. Regards Bob

To: russwinter who wrote (69019)	5/10/2001 5:41:33 PM
From: lorne	Read Replies (1) \| Respond to of 116764

Gold Report Flies in Face of Convention. May 10, 2001 " The World Gold Council (WGC) can't be particularly pleased with the findings of the report it commissioned from the London Business School (LBS) on the impact of derivatives on the gold market." " This view that hedging played a relatively small part in gold's decline is challenged by some WGC executives. One of them, Rob Weinberg, said after Neuberger's briefing: "If the South African government announced it was closing all the country's gold mines " which would take about 400 tonnes out of annual supply " do you think the impact on the gold price would be only marginal?" Full story >>> allafrica.com