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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (21316)11/23/2004 1:53:12 AM
From: Taikun  Read Replies (1) | Respond to of 314088
 
Claude,

I'm not sure they won't.

"Stabilizing transactions consist of bids or purchases for the purpose of preventing or retarding a decline in the market"

bids or purchases of what?

-from P72 of their prospectus:

In connection with this offering, the Purchaser may engage in activities that stabilize, maintain or otherwise affect the price of the Shares, including:
• stabilizing transactions;
• short sales; and
• purchases to cover positions created by short sales.
Stabilizing transactions consist of bids or purchases for the purpose of preventing or retarding a decline in the market price of the Shares while this offering is in progress. These transactions may also include making short sales of Shares, which involves the sale by the Purchaser of a greater number of Shares than they are required to purchase in this offering, and purchasing Shares on the open market to cover positions created by short sales

sec.gov

-from P50

Authorized Participants are the only persons that may place orders to create and redeem Baskets.

-later on the same P50

Certain Authorized Participants are expected to have the facility to participate directly in the gold bullion market and the gold futures market.

Therefore, the creation of baskets of shares is expected to participate in the futures market.

David

sec.gov



To: Claude Cormier who wrote (21316)11/23/2004 2:22:27 PM
From: Proud Deplorable  Read Replies (2) | Respond to of 314088
 
As I expected, since the new ETF gold has lagged as there are new entities trying to keep the POG down. Dollar down, oil soaring, and what's this? Gold down a dollar? In fact gold has not had an up finish since the ETF came out.

Is this the detachment people were forecasting?