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gold trading info
if you don't like the gold market don't read this info, delete it right
now...
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Date: Wed, 13 Oct 1999 11:42:34 -0400
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>>
>The CRB is up over 4 points and trading over 209.
>Yesterday, it was up almost 4 points too. The bond market
>cannot rally for diddly even with the threat of a
>sharp stock market sell off. Inflation signs are
>everywhere.
>
>This just in from Cafe member SteveH:
>
>Date: Wed Oct 13 1999 03:28
>
>"nuggets (you wont hear this on CNBC Squawkbox USA...)
>ID#386129: but on the same program, EURO version..just
>had guest , James Mckay from Nat Aust Bank on..he says
>that Fed is helping out major co who are short on gold...
>one major investment bank is in deep doo doo...he
>expects volatile trading, gold reaching $375..."
>
>Expect the gold producers to continue to buy in their
>forward sale positions. Management is under great
>pressure from shareholders to cover hedges and
>minimize exposure from the "structured deals"
>dealt to them by the "Hannibal Cannibal"
>bullion dealers.
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