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

To: IngotWeTrust who wrote (20574)	10/4/1998 10:09:00 AM
From: waldo	Read Replies (2) \| Respond to of 116764

HK will play catchup....Nikkei will continue to drop due to their governments slowness( intransigence?). WEEKAHEAD-Tokyo stocks to remain under pressure biz.yahoo.com "On Friday, the index slid below the 13,000 level for the first time since January 1986 amid intensifying worries of a global equity slide. ''Tokyo shares are looking for the bottom this week amid growing fears of a financial crisis, with no bottom in sight yet,'' said Higashida. Corporate earnings both here and abroad will catch traders' attention, and with the global economy perhaps on the brink of a slump, many think the earnings announcements will disappoint." W

To: IngotWeTrust who wrote (20574)	10/4/1998 10:37:00 AM
From: Mark Bartlett	Respond to of 116764

ole 49r, <<Will the real Cheryl Einhorn please stand up?>> It is apparent she knows NOTHING about gold - the first few paragraphs of her last article made that very clear. Now Cheryl ... fetch ... roll over ... <VBG> MB

To: IngotWeTrust who wrote (20574)	10/4/1998 4:11:00 PM
From: Zardoz	Read Replies (1) \| Respond to of 116764

"Even gold producers are turning less bearish. Whereas they had been active buyers of put options, that market has nearly dried up, meaning producers are no longer afraid of downside risk. Now traders say producers have been active sellers of calls, implying they believe the market is stabilizing here." Buyer of Put options, or seller of Call options are each bearish terms. Neither show stability, when you are a producer. Reread the article carefully... My understanding of option/future derivatives suggest that the producer changed strategy, and created a run on gold, so that they could position themself differently. What will happen if suddenly the producers also add by buying put options as well. Than they have a double bearish settlement on the GOLD futures. This smacks of a super bear being set up on gold. I expect to see selling from the new German goverment through their CB soon. Especially if they take on social escapades as predicted by teevee.