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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Zardoz who wrote (19416)	9/21/1998 7:27:00 AM
From: Bobby Yellin	Read Replies (2) \| Respond to of 116759

awesome post.. you are pure gold.. thanks also for proving the point that you are an incredible resource for the readers of this thread..your overview is incredible! you make us think about the broader picture..but since you have provided the framework..it will make it easier to put pieces into place..rather than just see pieces here and there and everywhere bobby I am adding the following quote to also add to your fabulous contribution..I am really grateful for your contributions but thought you might like this also ps. Ray Hughes on At Bottom of Gold Thread had written in one of his posts "Statistics shows that gold rises only in response to periods of negative real returns on quality bonds. If money markets will not permit a return to negative real rates, gold will not rally except in the event of upheaval in world order."

To: Zardoz who wrote (19416)	9/21/1998 12:55:00 PM
From: IngotWeTrust	Respond to of 116759

H sez: Gold is controlled by only 2 varibles: Supply & Demand. WRONG! You are WRONGWRONGWRONGWRONGWRONG...DEAD WRONG! Gold PRICES are NOW controlled by 4 variables (correct spelling BTW) Physical Gold Supply Available for Delivery Physical Gold Demand Needed to be Delivered 3) Value of Time 4) Cost of Money The POG of gold is CURRENTLY controlled by SYNTHETIC SUPPLY of paper gold pricing transactions, and not the physical exchange of gold. The cumulative result of paper gold trading affects what us physical gold players receive for our product. Deriv Players buy what you don't take delivery of and sell what you don't own. You participate in a parallel world that negatively affects the PRICE of GOLD in mine. Currently you paper players have sold approximately 14,000 TONS of something you don't own and can't MAKE delivery of if your life depended upon it. That is pent up demand if I ever saw it and it will correct eventually. You deal in paper time and cost of money, via gold options and claim you never lose. I deal in physical gold with costs less than $20 per oz. And everyone can see and do the simple math I engage in. $290ish T/oz selling price, minus $20 T/oz acquisition/refining cost. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ PROFIT EACH AND EVERY TIME You call it self-promotion; I call it simple math. I state it clearly what I do: I prospect for, locate, and accumulate/gather gold. I sell what I find and/or recycle for MORE than my acquisition costs. EACH AND EVERY TIME You put me down for participating in physical gold capitalism and speaking frankly about it WHEN ASKED OR CHALLENGED on this forum because it seems impossible to do: Buy/find/recyle for such a low LOW price and sell the physical product so high. worldaccessnet.com for more information regarding cheap gold ....Oh, and thanks for asking, Hutch.

To: Zardoz who wrote (19416)	9/21/1998 2:22:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116759

Hutch lies again: So here is the only 1 Question U need answer. {which you didn't in your private post} State how, options moved gold down in price? Can't can you? Don't post another words. Here is the total of my "private post" to you that you claim I did NOT answer: You, Hutch PRIVATELY wrote early this AM PDT: "STATE HOW, OPTIONS MOVED GOLD DOWN IN PRICE. CAN'T CAN YOU?" to which I replied: You bet I can, Hutch. And funny thing about it is, you know of others who have written quite scholarly treatises on these very issues, that you'd certainly pay more attention to than me. The uncovered, SHORT, papered over with derivatives position in gold is between 8 and 14K tonnes of the stuff... But, it doesn't matter to me that you are going to lose your shirt...when the house of paper that gold options built collapses on you, you won't feel a thing. So go back onto the public thread, post your losses like a man, and come clean. You are either incredibly dumb or just plain a flim-flam man...as so many of your Vancouver neighbors are. You whine too much. END QUOTE So, tell us again, you who, heretofore has only spoken the "truth about delta neutral options, using only buying of calls and buying of puts?"...at least we are making progress in pointing out your lies... At least in this post to which I'm responding, you have FINALLY mentioned at least one time when you "wrote" an option. How did that turn out, Hutch? Loser or Winner? Bet if it's a loser, you don't cop to it!!! Options only smooth out volatility you say? HA!!! That's the best one I've heard in a long time. Gold Options/Derivatives affect the price of gold by adding the 3rd and 4th variable. So, see, I've answered you, not once but thrice. Twice in public and once in private. You must be absolutely green w/jealously, since you are only buying and selling TIME certainly not gold. You can't stand the scrutiny, Hutchie Pooh... Oh, And the only thing that is insulting is the way you treat those with superior intelligence and arguments who point out the risk of losses in delta and gamma'd derivs games and their effect on the PRICE OF GOLD.