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To: Zardoz who wrote (33253)5/6/1999 8:56:00 AM
From: Bobby Yellin  Respond to of 116762
 
great post.. but to get the gold market higher back then wouldn't have taken that much money.. hopefully you don't see this as a non sequitur..
also if the "too big to fail" gets disproven again.. some of those
other vehicles might lose their luster?
how much should greenspan raise the rates..(I think he got traumatized when he actually did something right before the 1987 crash :-)
great point about reserves..and that analogy..to prove it..
Thank you so much for putting me back in my place
bobby



To: Zardoz who wrote (33253)5/6/1999 9:00:00 AM
From: donald martin  Read Replies (1) | Respond to of 116762
 
<<A person could suggest that the commodity is over hanging the market, yet until production is under way, it's just a reserve.>>

True. But don't speculators takes reserves into consideration when making decisions to commit to a commodity?

<<There aint enough gold to hedge with.>>

Another reason I'm long term positive. :)



To: Zardoz who wrote (33253)5/6/1999 9:10:00 AM
From: Enigma  Respond to of 116762
 
"and the good RR wouldn't let an average investor have a margin"

Come again?



To: Zardoz who wrote (33253)5/6/1999 3:09:00 PM
From: Investor-ex!  Read Replies (1) | Respond to of 116762
 
Hutch,

There aint enough gold to hedge with.

There is at high enough prices.