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Gold/Mining/Energy : Gold Price Monitor

GDXJ 147.42

+2.2%

Jan 27 4:00 PM EST

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To: Rarebird who wrote (39005)	8/14/1999 11:16:00 PM
From: long-gone	Read Replies (2) of 116927

"Anyone who believes that market prices are dictated by natural market forces, supply and demand, capital reserves, and so on is a prime target for fleecing. The gurus do control the market...which can only mean disaster. I suppose they are the same people who watch Billy do the circuit from dictatorship to dictatorship and in their confusion believe pigs can fly... " And Now theFinancial Apocalpyse <http://www.zolatimes.com/v2.24/apocalyptext.html> by J. Orlin Grabbe Name: LoneWolf Email: lonewolf@cow-net.com Comments: I was there in 1987 as the operations manager of an investment dealer with several hundred well-heeled clients. When the market turned the first day and then the second I knew immediately that it was not a "crash". Had it been it would have been over by the second morning. Instead the market took a nose-dive on the third day due mostly to the perception on Wall Street that it was a crash. The media wasn't exactly playing up the role of the short sellers... All it was was a short-selling frenzy... It was as engineered as was the crash of '29. As Mr. Grabbe points out, the financial gurus (are they still called that?) are certain they are in charge, they "control" the market. Actually their bosses do but why split hairs. What is said but not heard is the assertion that natural market forces are viewed as entirely irrelevant...free enterprise has been wrestled to the ground and need no longer concern the Wall Street mandarins. Which of course means that the money lords can do what they want. Which means they most certainly will bring down the market when and if it suits them. To make sure no one walks away with any unauthorized fortunes they most likely will pull the rug out from under the dollar at the very same time. Anyone who believes that market prices are dictated by natural market forces, supply and demand, capital reserves, and so on is a prime target for fleecing. The gurus do control the market...which can only mean disaster. I suppose they are the same people who watch Billy do the circuit from dictatorship to dictatorship and in their confusion believe pigs can fly... zolatimes.com

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