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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (30998)	4/7/2003 8:46:26 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Pezz, <<NAV up a tad over 10% year to date>> Most enviable. <<Glad to see ya being flexible on ya Gold...The MKT is always right>> The tree that remains flexible stays standing. Fighting Uncle Al is not the same as trying to battle the market. I do the former but stay clear of the latter. My guess is that the current euphoria will not last longer than a few months at most, perhaps a few weeks, and maybe even petering out in a few days, once the distraction of war is over and hard economic reality takes over. I am wondering what happens if the US stipulates that Iraq dollarize, and that all reconstruction contracts will be denominated in dollars ... the unknown is that the destruction in Iraq may not even tally up to what happened during 9-11, and so the reconstruction effect may not be great. Chugs, Jay

To: pezz who wrote (30998)	4/8/2003 11:08:24 AM
From: TobagoJack	Read Replies (3) \| Respond to of 74559

Hello Pezz, One Hour to Midnight Report: Following up my earlier surrendering of paper gold position, I am actively readying positions to defend and counter attack against the benighted Maestro Greenskaputin: (a) Got rid of cowardly troops DROOY, EDGE, HOFF, USU, and AU at aggregate neutral loss/gain; (b) Purchased dollop of Engelhard (EC) at 23.4/share (c) Purchased dollop of Bunge (BG) at 26/shr (d) Reinforced existing Impala Platinum (IMPUY) position at 27.8/shr (e) Purchased extra large wallop of Harmony (HMY) at 11.74/shr (f) Shorted extra large wallop of HMY November Call Strike 12.5 at 1.90-1.95 (g) Shorted extra large wallop of HMY November Put Strike 10 @ 1.30 (h) Purchased extra large wallop of Gold Field (GFI) at 10.06/shr (i) Shorted extra large wallop of GFI October Call Strike 10 at 1.75 (j) Shorted extra large wallop of GFI October Put Strike 10 at 1.75 I am prepared to establish mind-bendingly large attack formations of mining shares, and pincering puts/calls against the benighted Al Kaputin as physical gold tumbles and rolls. 'Tout ou rein', as the most courageous French would say right before they decamp to the Caribbean tropics;0) Chugs, Jay