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

To: Zardoz who wrote (86389)	6/4/2002 10:50:39 AM
From: The Vet	Read Replies (2) \| Respond to of 116764

< I don't have to be specific for you > < then Gold's range, in my calculations, would be less > Of course you can ignore me if you want, but you made your statements without any specifics or explanations of your "calculations" on this public forum. Perhaps the others you read this thread would like to know the specifics of how you came to your conclusions. You made the statement, if you can't back it up with specific figures and examples then we have to assume it is just a WAG.

To: Zardoz who wrote (86389)	6/4/2002 10:54:46 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116764

The part about POG that tickles me is that no one as brought up and discussed this point: 1) Gold is Money 2) US$ is Money 3) Gold is Priced in US$ 4) US$ is at a 14month low 5) Gold should be lower because it is priced in $. <grin> Stick to your guns. If hedge books are in trouble again at $325, the rescue model is already worked out ala Ashanti, for the renegotiation, interest free loans, cancellation of margin requirements and re-imposition of bank required hedges at a higher level. Just reaching "hedgebook parity" plus/minus $5ish "dollars" just doesn't meet the criteria. History strongly suggests the re-imposition of the PoG lid will be screwed on, and sooner rather that later. Or to put it another way... if you were going to borrow money from your local bank, would you go to them for only a $5 bill which would be easy to repay plus a mandatory minimum interest amount? Or would your bank be more likely to entertain a loan application for $50,000,000 that will generate more than a "minimum interest rate" revenue stream, especially if that loan app is accompanied by a "store of value" for collateral? Nothing like a hole in the golden ground for collateral under current macro modeling, yes? At least that is the lesson I learned from the Ashanti squeeze. The 15 banks consortium now own the Ashanti mine...and I expect them to make it official sooner rather than later. Your turn<grin>