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To: Lucretius who wrote (105152)5/28/2001 9:30:23 AM
From: yard_man  Respond to of 436258
 
I always knew it would come to this -- now they are paying folks to take gold off their hands <g>

kitco.com



To: Lucretius who wrote (105152)5/28/2001 1:13:50 PM
From: yard_man  Respond to of 436258
 
A Fed funds interest rate increase won't happen until next year at the earliest -- BLS has been lying for years, why should they change now?

Gold will be at least 900 bucks an ounce or they will have changed the rules before AG tightens (don't rule that out either!).

It's no secret AG wants to change the rules for banks -- they are way too constrained and always exacerbate the business cycle to the downside -- you know, the business cycle that has disappeared because of the long term shift in productivity growth <s>

What a mess ...



To: Lucretius who wrote (105152)5/28/2001 5:47:57 PM
From: Real Man  Read Replies (1) | Respond to of 436258
 
There is a physical component to gold. What if these funds who went long decide to take delivery? That will shoot the price of gold up together with lease rates and burn gold shorts big time 65000 contracts = 6,500,000 Oz. Comex now has ~824,918 Oz. Delta hedging caught on the wrong side may result in an explosive move... (Stock crash of 87).

It's going to be an interesting week for gold.... Of course, given recent COT, gold bulls must be cautious.