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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (3885)	3/4/1999 4:19:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 81068

Excellent response, Richard, but are you sure you want to waste any of your valuable time trying to educate the willfully ignorant? He'll probably claim that your generously proferred URL is a "plant" from World Net or even Barbara WaWa.. Give UP on this guy, Richard. He's not worth it, ok, man? And besides, when you hit the road shortly, who is gonna talk to him then? Let him down easy now...and he won't miss you so much later, ok? O/49r

To: long-gone who wrote (3885)	3/4/1999 4:33:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 81068

Richard, I DO understand the purpose of forward sales. And I also understand that as the price declines they may choose to buy some of those gold option rights back. However, if we were seeing a mass influx of money being dedicated to buying back previously options, capturing the spread, you would be seeing gold move higher, now don't you think?? That means that these folks as just as responsible for the decline in the price of gold as the alledged "short-sellers". In fact, they are actually joining in the short selling through purchases of forward puts. If the price of gold had bottomed, you would be seeing an influx of long option positions (calls, and selling of puts). Now if the industry that actually mines this stuff, and thereby should know more about it that any of us put together, are still selling forward and not buying back more than they previously have sold, they don't have as much conviction about gold sky-rocketing as you and Ole 49r do. Follow the money, Richard. Follow the money. Regards, Ron