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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.93

+0.8%

Jan 9 4:00 PM EST

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To: Rarebird who wrote (39062)	8/15/1999 9:55:00 PM
From: long-gone	Read Replies (3) of 116845

<<KAPLAN'S CORNER: Question (from Mr. Mark Hollman): With Goldman Sachs cornering half of the available COMEX gold warehouse stocks, couldn't they use this control to depress the price, instead of to push it higher? Answer: Of course they could. However, the whole point of cornering the market is to achieve a financial gain by forcing others to panic. >> Remember only a year and a half ago when Buffett bought only 20% of the world silver? SEC on the attack. Saving us(and all of world industry) from a monopoly. Long ago there was a Supreme Court decision which competition was protected from unfairly lower prices as well as the public from higher. This brings about a few little questions: 1) Just Where the F&*@ is the SEC today? 2) Does this show?: A) GS does not intend to run the price up B) The SEC is knows it and does not care (this alone proves government complicity in gold manipulation) c) When it is the gold industry, the government (in their infinite wisdom) will not protect others the way they did the competition of Microsoft) d) Different rules apply to GS than Buffett. 3) Everyone involved in natural resource production is screwed so long as this administration is in place.

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