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Gold/Mining/Energy : Gold Price Monitor

GDXJ 90.47

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To: PaulM who wrote (38369)	8/5/1999 3:50:00 PM
From: long-gone	Read Replies (1) of 116752

re: recap of W. Buffet silver "manipulation" Silver choppy in late Europe trade, gold soft LONDON, Aug 5 (Reuters) - Silver swung within a 15 cent range during European business on Thursday, bottoming at $5.40 an ounce amid volatile lease rates which kept market participants guessing, dealers said. Gold softened in range despite fresh dollar weakness versus the yen and U.S. data showing national wages growth outpacing productivity gains during the second quarter, a signal of possible inflation. Silver lending during early European trade knocked spot prices to $5.40 where fresh buying emerged to reverse the move. ''One bank lent silver this morning, causing the spot to drop. The reason they did I think was to buy spot back,'' said one London dealer who pegged silver's resistance at $5.56. ''It will take a few sessions to get through that but it will. Technically, it looks very good,'' he said. (cont) biz.yahoo.com This quote interests me: "''One bank lent silver this morning, causing the spot to drop. The reason they did I think was to buy spot back,'' said one London dealer who pegged silver's resistance at $5.56." Must be a very thin line between "strategy" and "manipulation" and which side you are on when viewed by SEC & CFTC. Your thoughts? Could the term "manipulation" be based on the side taken by the "blind trusts" of those in office?

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