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

To: Taikun who wrote (57173)	12/13/2004 12:47:56 AM
From: LLCF	Read Replies (1) \| Respond to of 74559

<It's clear from the data he reports, from several sources, that mine production alone cannot satisfy global annual demand, and the shortfall comes from the CBs.< Yea, but that's OK... when they run out it's gone. The implication is far more sinister... that I-Banks are borrowing CB gold and selling it on the market naked and will manipulate it lower forever to make sure they make money. Pitty them if they are because they'll all hang from lamp posts if federally insured banks are short gold for 'fun' and it spikes up and wipes them out. I DONT" BUY IT! But I might be wrong. Most of the rest of your post deals with supply and demand and dopey central banks selling all their gold at stupid prices which I AGREE is happening. Supposedly Bank of England AND Canada have little left... that all plays into the bull account for gold BUT NOT into black helicopters with shorts flying around manipulating gold. As for I'banks using CB gold to sell against hedges... well, so what? It's a great trade, wish I could do it. Doesn't mean they have any risk or need to 'manipulate' the price. If they do it delta neutral they make just as much on a rally. DAK