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

To: IngotWeTrust who wrote (74520)	8/5/2001 9:36:03 PM
From: Box-By-The-Riviera™	Respond to of 116752

you ever meet Bertha Smoot? She lived in Skiatook.

To: IngotWeTrust who wrote (74520)	8/5/2001 10:41:45 PM
From: Rarebird	Read Replies (1) \| Respond to of 116752

What is surprising is that people are still bullish on the outlook for gold and gold stocks, which is fine with me. But we live in the age of derivatives and derivatives are nothing other than paper contracts that are derived from the existence of something else, in this case the trading of physical metal. The gold bulls have been arguing for years that this paper market will implode at any moment. But until that happens most bullish gold supporters will continue to get squeezed. Regardless of whether the price goes up or down that pricing is dictated by writers of paper, not supply and demand. Gold Mining company's income used to be derived from the sale of gold. Nowadays a large portion is derived from the sale of derivatives, of paper contracts written on gold produced, gold reserves and in some cases, on contracts already written up. To be sure, not all gold stocks are created equal. Some bring home the bacon, like ABX and PDG, and others, like NEM, don't, and offer the finest excuses for their miscues. I think it is way too early to get bullish on gold, that any rally here would be very short lived and that the gold market is still under the control of the writers of paper contracts. The investment demand that the Gold Bulls always make allusions to, which is suppose to push the POG to astronomical heights, has not materialized yet. Short term, I'm very bearish on gold stocks because I see the Euro declining and possibly hitting new lows, due to tax considerations. Gold's fortunes are very much tied to the Euro. The day will eventually come when investment demand will be able to collect the pens that are being used to write the gold contracts. But until that day comes, I'll be content to trade the gold market on the long and short side and profit accordingly.

To: IngotWeTrust who wrote (74520)	8/6/2001 3:33:36 PM
From: Zardoz	Respond to of 116752

For this two point reply:I get vitriol and public belittling comments about my body size [of which you know nothing] and urinal whanger thumpin' demonstrations to show the play ground boys (and Hutch, of course) how tough you are because an Oregon girl claims the human right to self-describe/self-label belongs to the individual? Then you decide to parade yourself as the humanist's answer to the Godhead, the trader's answer to contrarians thinking, and the thread's newest Hutch clone?? EXCUSE ME, just because you are in a debate, or verbal battle with someone else, does not give you the right to aimlessly throw hand grenades in every direction to make such battle become a third world war. Now go play in your own sand box "Big Mama" and leave me out of it.... Anyways, my clones are 2" smaller and 100 pounds lighter then I, and they go by the name of Doug. {Woops, where did I put that hand grenade?} Hutch