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

To: Zardoz who wrote (27)	9/27/1998 8:47:00 AM
From: Bobby Yellin	Respond to of 39

Hutch: wondering if we have seen one big drastic change..with the too big to fail meltdown in Russia..and now tremors in the hedge funds which might get caught up in tidal wave..(don't think that bailout was "crony capitalism" at work but rather terror of something much bigger than the savings and loan bailout here..just have a feeling a lot of unwinding of hedge positions are going to be taking place rapidly and probably masked by a rallying Dow)..also with South East Asian countries beginning to put restrictions on their markets..less wild west to play..also Brazil is still teetering with the market going up but with money flowing out.. PAPER IS NOW BEGINNING TO BE VIEWED AS PAPER ..can't believe dollar will be viewed any longer as safe haven..am assuming there is little confidence left among the big players..am also assuming that Buffett is salivating..waiting to pounce with his nine billion of investing money.. just seems like a perfect time for gold..confidence appears to be totally shattered in the hedging casino..gold offers a lot more transparency..usually bull markets are started when there appears to be just a temporary excuse for a blip up..gold shares did move up with that huge up day in the Dow before the terrifying news on how leveraged by hedge fund was..

To: Zardoz who wrote (27)	9/27/1998 10:01:00 AM
From: Stephen O	Respond to of 39

Good charts Hutch. I've always thought that ABX is way overvalued relative to other gold stocks and these show it. The brokers are always recommending the big names first. How did you make the correlation chart?

To: Zardoz who wrote (27)	9/28/1998 12:15:00 AM
From: teevee	Respond to of 39

Hi, Great post. I wonder if the consortium of banks who bought the failed hedge fund with a short position in gold, also own hedge funds with the offsetting long positions in gold and who knows what else? I think we are seeing a "sucker" rally in gold and gold mining equities. I agree that the way to play this is to go against the trend by going short or buying puts.