Founders Recording: 1999 Ashanti, Gold Y2K Gamma Squeeze

Housekeeping: Almost every Sunday Founders subscribers have a meeting to discuss market related concepts with a focus on Gold. Those recordings are usually made available for premium subscribers soon thereafter. In light of the Gamma squeezes in many smaller stocks over the past year, and the recent lifting of GoldFix’s original content without citation by a Goldman Sachs employee, we thought it fair to give a run through of how that bank almost contributed to the take down of a whole country in 1999 as part of a gamma squeeze they got hurt on.

Sunday the Founders Group discussed several topics listed below. Here is the preview post giving some details.

Founders Overview: 1999 Gold Gamma Squeeze. Retail won, Banks lost...

The Zoom Recording/ Podcast

Zoom recording Link

passcode at bottom

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Open interest: what is different post Basel 3, inflation, and War effects

A Rough Inventory of The Discussion

• Gold market behavior from an open interest perspective

• Inflationary hedges

• War events

• Short to long ratio for Commercials vs non commercials- RBs chart

CHART BY FOUNDING MEMBER @RBLAVA (twitter)

• running in the banks form being too short

• open interest as a proxy for the buyers being out of bullets

• rollover as point of inflection/ decision time

• profitable longs roll, losers puke usually

• Gold has no marketing team… and therefore dumped on alot.. but sells itself too

• How US investors are perceiving gold now in context of current events

• grass roots demand is there.

• War behavior in past

• current events

• Open interest changes from all this

• 3 reasons to own ( as opposed to trade it) gold

• raised awareness, WHAT IS THE NEW DYNAMIC EQUILIBRIUM FOR GOLD OPEN INTEREST? is it higher or not

• Founder contributing Graphic explained…

• the fallacy of bank shorts being run in

• The mirror of investor money running out.. rollover factor

• banks are house.. not gamblers

• an approach to using OI and CoT for predicting tops

• off the rails.. wrap up

Gold report run through 27:45- 56:00

• Professorship announcement

• Goldman Gold report comment… its the oil story repackaged

• The demand destruction price rally story and Goldman’s style

• Why QE isnt inflationary.. but QT can definitely be.

• coin sale comment

• gold oil correlations- snaps high

• QT inflationary how?

• Govt agency behavior in raising rates

• RRP parking lot

• stocks rally

• banks issuing more credit now

Ashanti Y2K 56:00 to 1:40

• 1993 clinton era

• Goldman Sachs in Gold

• Swiss bank in options

• The Goldman Mandate

• frontrunning of banks

• Y2k fears

• margin call

• Credit defaults, prop desks, options plays

• mechanics of the banks to the floor

• theY2K lunatics.

• The gamma squeeze dynamic

• vertical integration in oil

Stock selloff last Friday and fed blackout 1:40 to end

**Link and passcode at bottom**