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Gold/Mining/Energy : Gold Price Monitor
GDXJ 126.30+3.6%Jan 12 4:00 PM EST
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To: d:oug who wrote (37171)7/15/1999 8:15:00 AM
From: Hawkmoon  Read Replies (3) of 116853
 
But if Ron is correct, that a pop of bubbles and even crashes of economies might just be the next step needed to get to the next phase in the changing simple system to a workable complex one. And price of gold will go and stay lower, as it will become a community and not a reserve as governements sell it for the money.

Doug, that was actually a pretty good post you made there.

And yes, gold was simple. But the complexity of our financial system has left it inflexible and unable to deal with the needs of global growth. There just isn't enough of it around. So I would completely concur with the paragraph you wrote above.

As for GATA:

One thing I find amusing is that anyone playing the gold market seems to have yearned for some form of transparency with regard to the sale of gold by Central Banks.

But the moment the BOE announced they would sell 125 tonnes (in measly 25 tonnes lots), the POG plummeted. So much for transparency....

Now they want the sales of gold to be secret so they don't spook the market and the WGC has stirred up all kinds of resentment against the BOE for how they handled the sales of that gold... (ie: with the transparency so long desired in the gold market).

So is it manipulation?? No more or less than CB intervention in the currency markets (which also aren't transparent).

Regards,

Ron

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