Hi LZAYou're absolutely right about that.I went to a...

Hi LZA

You're absolutely right about that.

I went to a presentation by these guys some years back, and while they were not very successful at explaining just what they did, it seemed their core business was making bets on the price of gold with the big bullion banks. I asked the obvious question: "Isn't this a zero sum game, and don't these bullion banks have much more experience and resources than you do?" I was told: "The banks don't have any interest in sending their counterparties broke". I was too polite to break out laughing.

Having said all that, it looks like GLI will have a bounce soon. I was nearly bored enough today to have a nibble at the 59, but I punched myself in the head and snapped out of it.