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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (63260)6/10/2006 3:11:16 AM
From: shades  Respond to of 110194
 
Please remember that gold producers will ALWAYS be net short gold.

Right - business expense for insurance.

I look at speculation in hedge funds and the average joe for a clue. The BIG MISTAKE people make is thinking commercial shorts will "have to cover". That is bullshit.

Its like you buy hurricane/flood insurance for your florida house - many people will never use it but you keep spending and hedging against catastrophe - many insurance companies get rich not having claims filed - at least buffet thought so. I only have fire on most of my rentals.

This make sense?

Yes thanks.



To: mishedlo who wrote (63260)6/10/2006 1:04:54 PM
From: John McCarthy  Read Replies (2) | Respond to of 110194
 
Mish -

I enjoy your posts.

This statement confuses me.

<<<<<<<<<<<<<<<<<<<
The BIG MISTAKE people make is thinking commercial shorts will "have to cover". That is bullshit.
<<<<<<<<<<<<<<<<<<<

I better start with:
Who are commercial shorts?

JP Morgan?
The Central Banks?
Who?

Once thats out of the way - *why* don't they have
to cover?

Didn't the guy in Kansas City have to cover on Silver?

I know your saying something
and that your probably right.

But I am missing your point.
And would like to *see* it.

regards,
John McCarthy