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To: shrinkermd
Okay. I'll bite. Why are you surprised ?
4 posted on 09/07/2002 6:40:20 PM PDT by imawit
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To: imawit
I'm not surprised ! For a week or so, I have had a buy at $309-$310 or $324-$325 which ever one comes first. But then, I cheated on myself and dipped in at $318.
5 posted on 09/07/2002 6:45:56 PM PDT by imawit
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To: imawit
"Okay. I'll bite. Why are you surprised"

Answer: The reporting of 10,000 tons of gold probably leased is a surprise and has not been reported in a major financial periodical till now. If this is true, (there is no reason to believe it is not) then this gold has been sold and income producing securities purchased in its place with the clear assumption the gold will be re-purchased at the same or lower price. If this does not happen and gold goes up in price, there is a potential for a financial crisis of the first order for the bullion banks and some major financial institutions.

29 posted on 09/08/2002 5:11:39 AM PDT by shrinkermd
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