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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 670.92+0.1%Nov 7 4:00 PM EST

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To: SBerglowe who wrote (39141)2/4/2000 2:27:00 PM
From: pater tenebrarum   of 99985
 
Susan, as i understand it GS is among those in trouble over the yield curve inversion. however, it is well known that GS is a major force in and manipulator of the gold market, with apparent connivance by officialdom (see the BoE's ill-conceived gold sale announcement just as gold attempted a rally). why is officialdom involved? because the fiat currency system would be seriously questioned if the PoG were to move to it's equilibrium value. the whole edifice of debt, derivatives and stock market bubbles worldwide is based on continued confidence in the fiat system. of course the main beneficiaries of this system are the governments, as it allows them to print money at will.

regards,

hb
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