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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (17590)	8/20/2002 4:33:58 PM
From: terry richardson	Read Replies (1) \| Respond to of 36161

Hi! Jim: Yes... I assumed that most have been keeping in touch with Sinclair’s writings and that’s why I posted the rates. But I noticed that these spikes are not represented in the graphs and wrote Kitco with questions how these 1% spikes keep popping up. Don't have an answer yet but will keep the board informed of anything I receive. If the spikes are genuine numbers, and I don’t see why the shouldn’t be, then it seems to me that it represents someone coming to the well with a large order which the banks want a premium to cover as per Jim Sinclair’s post you referred to; When the gold lease rate rises this time, it will be due to the central banks' reluctance to extend leasing and reluctance to renew already outstanding leases. After the previous lease rate spike (noticed it last Sunday 18th but probably from the previous Friday) the POG was driven down the next day Monday) Now I see the spike coming in again and I'm just wondering if they aren't reloading with "cheap gold" to drive it down later when required. If another 911 type scenario is on the cards then I think we can maybe see it telegraphed by action in the Gold Market as they get into position to cap gold as they seemed to do after 911. When you think about it, it’s probably not costing them too much to do this (capping the gold price) After all, all you do is sell small quantities at the bid and keep driving it down until the programmed stop loss points are hit, you then stand clear and let the heavier stop loss selling do its job and then buy to cover. Then you’re ready for the next time and you’ve made a profit too probably. Since your traders know what’s going to happen they can make money in the options in both directions. Am I missing something or is it that simple do you think? A little paranoia is good for the soul, for the pocket too in this managed market we seem to find ourselves in. (g) Regards T.