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

To: Ken Benes who wrote (69252)	5/16/2001 10:24:14 AM
From: long-gone	Read Replies (1) \| Respond to of 116759

go away shorty what's the problem, sorry you sold or never bought?

To: Ken Benes who wrote (69252)	5/16/2001 10:38:36 AM
From: marek_wojna	Read Replies (1) \| Respond to of 116759

<<Another tick tock rally.>> HOW DO YOU KNOW ? DID YOU PUT THE MONEY WHERE YOUR MOUTH IS AND SHORT IT ? ARE YOU SHORTING XAU ALL THE WAY FROM 41 LEVEL ? BE SO KIND AND TELL US, THIS IS WHAT IS ALL ABOUT THIS THREAD.

To: Ken Benes who wrote (69252)	5/16/2001 10:39:31 AM
From: russwinter	Respond to of 116759

<I can envision the producers sweating as to when they are going to pull the trigger.> Yeah, I can too, but on the panic hedge buy back side of the equation. Implied volatility is up, POG is up, The Aussie is up. All these are black box factors (the delta) that require (not discretionary)purchases of offsetting gold. I wonder what Centaur creditors are doing this morning? As far as a major producer selling forward into this market? I think you have completely missed the current pricing fundamentals that hedge managers operate by, as contangoes are nearly in backwardization. As such the dynamics of this market now encourage speculative buying, as the cost of leveraged gold is so low. This will encourage trade purchases (not sells). I wouldn't be surprised to see momo players jump on board as well. See forward rates: kitco.com