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Gold/Mining/Energy : Gold Price Monitor
GDXJ 142.09+5.5%Jan 22 4:00 PM EST
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To: long-gone who wrote (35524)6/18/1999 7:41:00 AM
From: John Hunt  Read Replies (1) of 116901
 
Let's Call the Bankers' Bluff

<< I am a miner. I own a small gold deposit in the U.S. At present I cannot mine it because of the artificially low gold price. I am concerned because bankers and politicians have conspired to push the price of gold down as part of their scheme to foist ultra-liberal "values" on countries around the world. They promote themselves as benign providers of stable economic growth. However, they are in fact self-deceived, perjuring hypocrites who are destroying the proper values of ordinary people. They have created an unstable economic bubble which is doomed to burst. Gold miners around the world have been made to bear the brunt of this self-deceived hypocrisy. I'm tired of it.

As far as I can see, since Alan Greenspan's declaration of "war on gold," miners have unwittingly become their own worst enemies. In response to the war being waged against them, miners ought to form a cartel analogous to the OPEC cartel which governs oil production. Furthermore, bankers have forced miners into a game of bluff. Sophisticated bankers (like lawyers and politicians) become competent bluffers by virtue of their business. Miners, however, appear not to understand the dynamics of bluffing ... more ... >>

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