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

To: IngotWeTrust who wrote (90218)	10/1/2002 1:36:13 PM
From: Zardoz	Read Replies (2) \| Respond to of 116762

"In addition to the detailed supply and demand numbers, Veneroso's model factored in elasticity of demand and supply characteristics over short and longer periods of time." ELASTICITY geesh. I Thought ELASTI CITY was a small town in Texas {Where Richard lives} There is no such think in Commodities. Elasticity is a term used by Economics PhD to explain the the Butter-Guns supply and demand economics. Has nothing to due with Gold-Money economics. After all Currecnies like gold must behave as a currency without Growth-inflation-deflation-rates-monetary supply---etc. And since they DON'T behave as such, they can not be considered either Inelastic or elastic. They are neither. And the prove of this is the common idea of the Gold versus silver ratio. Which would depict a linear ratio over years. As the economics majours would suggest that if Gold was a currency, then silver must be also. And as such the process of loose money chasing after better returns would migrate money into both Silver and Gold at the same fix ratio. People whom then suggest that gold has been manipulate lower due to leasing would have to justify the amount of leasing like Buffet places on a table as well {wrt silver}. And since Veneroso can't come up with trillions of ounces of silver being leased, a person must conclude that his analysis of the leased amount is incorrect. MOST of all LBMA trading volume of gold is Over night currency hedging, with Gold being the carrier of spot positions. And to suggest that a Gold producer couldn't deliver into leased position neglects the ability of supply-demand. If Hedge gold producers needed to deliver leased gold back, they could ramp up production. As any increase in Spot gold would only add to "forward" gold sales, that would be delivered into the forward month. Thus aiding into the profit margins of hedgers, and linking gold to a fixed range. Closing of forward positions at this time does not mean that future gold hedging is off the books. Profits are the name of the game.

To: IngotWeTrust who wrote (90218)	10/1/2002 10:52:42 PM
From: d:oug	Read Replies (1) \| Respond to of 116762

Message from gold_tutor... Ignore Taylor's Pro-Gata Flappa ... E.C.[fuzzy] in one corner of the ring and Frank V and Me in the other corner. My money is on... Bob Johnson, the referee of course.... ;) GOLD_TUTOR (or) "the referee of course..." When such is picked by a side, then, well... its just a fact of history of manipulation by one onto others. a.k.a. can't win with Rules of Fairness so, "get the fix in" as in, find a referee he or she that already knows whom has won (or) With referees already part of a side, then no need for a moderated thread here, as this is one level or step further into such activity.