SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Alex who wrote (28893)2/24/1999 1:04:00 AM
From: IngotWeTrust  Respond to of 116927
 
Well, I don't know who that Kitco dude's doing his gold coin business with, but I can categorically tell you that is NOT true about the 1oz Eagles being gone.

Furthermore, a hedgefund has option strategies available to it to cover shorts 40 ways from sunday, plus the old standby LTCM used courtesy of Rubenesque: paying cash for the deficit position, instead of delivering the gold.

So it is a backwardation is a buck higher...big deal...it'll be 2 bucks lower 10sec after expiry.

But thx 4 the post/url, and keep them URLs coming, Alex...yer good!
It's always fun to learn of the latest case of verbal dysentery raging through the stampeding herd...



To: Alex who wrote (28893)2/24/1999 9:01:00 PM
From: PaulM  Respond to of 116927
 
Greenspan on Oil

"The issue of how we would deal with our resources, the clear problem that we have obviously is that the cost of producing crude in the Middle East ... is very significantly below our marginal costs, even among our best wells and our best fields"

biz.yahoo.com