Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: russet who wrote (13764)	9/25/2000 1:39:53 PM
From: Richnorth	Read Replies (1) of 14627

Thank you for your detailed response. It seems to me you are either biased against GATA or you do not accept their investigations (see the 118-page GDBC report in PDF format at gata.org) which have shown that the glut of "gold" reportedly sold in the markets is not physical solid gold but paper gold (derivatives + futures etc.) and that as gold is now heavily shorted, gold is most likely to soar on desperate short-covering (requiring return of the solid gold!) sooner or later. According to GATA, the dollar is strong and inflation is low only because gold is being manipulated downwards. It is GATA's contention that this manipulation (which allows unlimited printing of dollars) cannot go on forever. Of course, who is right remains to be seen.

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