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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (19531)	11/6/2003 11:11:19 PM
From: The Vet	Read Replies (1) \| Respond to of 81170

LBMA clearing stats... Daily Averages gold and silver... Some definite trends here, but what do you make of them? lbma.org.uk

To: philv who wrote (19531)	11/7/2003 10:04:31 AM
From: sea_urchin	Read Replies (1) \| Respond to of 81170

Phil > Greenspan seems to regard derivative trading as a good thing. Supposedly because it spreads the risk, but probably because the big boys can make some easy money What a big subject. Derivatives certainly do spread risk and, in fact, to the extent that no-one actually knows who is at risk because there are so many counter-parties who actually trade in the risk. Many have foretold of the collapse of the whole financial system because of the extent of derivatives throughout every single aspect of the the world of finance. Just do a google search for "derivatives collapse" and you will see what I mean. > I haven't been able to figure out if the paper controls the spot, or if spot controls the paper My understanding is that the Comex price, ie the "paper" price, is the more important simply because the NY market is the biggest and it, in fact, sets the bullion price. From my observation of this Kitco chart I am definitely of the opinion that the big price moves always happen when the NY market is open rather than London or elsewhere. kitconet.com > a few years ago, the LBMA was trading about 900 tons/day. That obviously was paper How can one know? It could even be the same bit of gold going round and round.