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To: long-gone who wrote (79134)11/5/2001 10:24:54 PM
From: Real Man  Respond to of 116753
 
Good reading on POG issues from CPM group
cpmgroup.com



To: long-gone who wrote (79134)11/5/2001 10:30:11 PM
From: Richnorth  Respond to of 116753
 
I guess it is that many folks are by now so sick and tired of hearing about

all those manipulations by means of derivatives etc.

that they have sorta become numbed by it all and so Italy's derivatives situation doesn't take them by surprise.

Well, dishonest practices by the big guys go on all the time and the "official" watchdogs keep on looking the other way.



To: long-gone who wrote (79134)11/5/2001 11:45:23 PM
From: E. Charters  Read Replies (1) | Respond to of 116753
 
Italy is the largest single consumer of gold for jewelry purposes and I believe one of the the largest sellers of jewelry gold of all nations. This would make it a very large player in the global gold market indeed, as 75% of all physical gold is consumed for the purposes of making jewelry. This would make me suspect that their involvement in the derivatives market must be partly in gold.

EC<:-}


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