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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS -- Ignore unavailable to you. Want to Upgrade?

To: Cavalry who wrote (343)	9/13/1998 3:29:00 PM
From: marcos	Read Replies (1) \| Respond to of 1637

I think the classic model of a royalty trust is that it holds a static portfolio of proven mineral deposits or oil reserves or something like that and it manages those assets for maximum payout in the near term - much of the 'distributions' are a payback of capital and the remainder are profit from operations. But in recent years it's become confusing as some take a portion of their cash flows to replace (or in some cases, increase) their reserves. Shiningbank (shn.un on Toronto) is an example of this, they still call themselves a royalty trust but they are really a royalty company, imho (I think there are tax advantages to the 'trust' word, in Canada anyway, but I don't really know for sure). Related post #reply-5660634 I very much doubt that the Swiss will sell any significant amount of their gold - for one thing, they need a majority of cantons to vote in favour of the move (and your average Swiss rural voter is not a stupid man), and for another they are having a great time leasing to shorters, which is setting them up to benefit big-time from a short squeeze. There has been considerable speculation that they have in fact been on the buy side already - gold is a manipulated market without open reliable statistics, it is also a huge market - much bigger than you would expect considering the current value in paper dollars of all the gold on the planet. Lots of commentary on gold over here #reply-5737071 This thread has some heavy hitters posting #Subject-21259 - I'm outclassed there, and don't post. Just because they're goldbugs doesn't mean they're always bullish on gold near-term, by the way - the opposite has been true in the recent past for the posters I respect, like George Cole and Searle Sennett and a few others, they were advising caution on the 'sucker rallies' earlier this year. I just lurked the aznt thread a bit - it's gotten boring, a repetitive pissing match like rmil .. I just can't believe people get sucked into stuff like bmart puts out ... but they do ... what a species we are, eh -g- .... cheers