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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Thomas F. O'Connor who wrote (41827)	10/1/1999 7:56:00 PM
From: IngotWeTrust	Read Replies (1) of 116758

You ask a fair question, Thomas. The simplistic answer is this: History records there is NO instance where artifical manipulation of any commodity under the various definitions of PRICE CONTROL have amply demonstrated LONG-TERM effectiveness over supply and demand law of Economics 101. Whereas it looks as if CB's have been in charge of "supply" by this particular gold-leasing scheme dreamed up by those incharge of getting B-WCA implemented and the 2nd of the reserve currencies launched, the EMU, the CB's, regardless of their being Fed Reserve CB or ECB or Deutschebank CB have been able to dampen gold demand by those who either benefit from: 1) fabrication premiums 2) desire to have hard currency on hand just in case... Therefore, supply demand laws will reassert, just like a submerged beachball held forceably under the swimming pool's water surface will re-emerge. Supply and Demand fundamentals will take charge once again and the CB's, try as they may, cannot stop it. The CB's have tried it with printed money...and failed miserably. They have tried it with floating currency baskets...and failed miserably. They have tried it with gold...and are about to re-learn Econ 101 lessons again! Stay tuned later this weekend as I reveal Henry's historical posts re: gold leasing and other historical utterances re: gold by the likes of Jude W, the well known Economics teacher. I just love to dig around in my hard-drive for gem utterances re: from the past regarding the GOLD MARKETPLACE. Might make for interesting reading. Thanks for writing.

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