Rarebird, this is a continuation of our discussion about GATA,
the Gold Anti Trust Action activity, that we have conflicting views on.
But first, ....
From: who started this subject (Abner Hosmer) May 27, 1997
The purpose of this thread is very simple:
To monitor/analyze those factors affecting the price of gold.....
As I posted last week, I received "From: SI Admin (Bob)" instructions
not be be inappropriately off-topic, and since noone posted any comment
to this information, I assume all who post on this thread agree with
this type of "turn of events" and support it. Which confuses me since
on this day of Sunday there has been many off topic posts of the topic
the quality of life in Canada verses USA. So are they and others of the
inappropriately off-topic catagory or not? To find out I did a follow up
reply to SI Admin (Bob) asking for clairification thru his reading the posts
of today, this Sunday. It might be helpful if the person who reported me to
SI Admin outline in full detail what is and is not allowed on this thread,
as that is the direction this thread has gone towards.
(for reference)
To: Doug A K
From: SI Admin (Bob)
I just removed a couple of your posts from the GPM thread.
In the future, please don't go inappropriately off-topic
or engage in any kind of personal attacks.... [end]
To now go on-topic, please review the following information
I have received from the Gold Anti Trust Action activity,
as for sure this will soon have not only the most, but an
extreme impact on the near furture price of gold. Thanks. Doug AK
[Start. Bill Murphy Chairman Gold Anti Trust Action (GATA)]
Hello everyone, Bill Murphy here.
February 27, a Sunday Morning in Dallas, Texas without wheels.
Does anyone else find it peculiar that the financial news media says
that 'Old Economy' stocks are setting back because of inflation fears
and that same media says gold is going down in price because there is
no inflation?
Does anyone else find it peculiar that in all in the same week:
- The gold market is trashed as its fundamentals improve by the day.
- The TOCOM changes its rules that forces longs out of the market
in Japan and on the NY MERC.
- The silver stocks on Comex rise sharply out of nowhere and now
stands at 91,229,221 ounces (up another 5 million ounces on Friday).
All one big COINCIDENCE, n'est ce pas?
For years now the manipulation crowd has been toying with the speculators.
- Get them long, and take them out with selling.
- Let them get short and then take them out with buying.
And in the end, capping the gold price around $290 - $295 per ounce.
It has happened once again.
Gold investors are demoralized ONCE AGAIN.
It is an emotional broken record.
When will it ever change?
Word to me by some pretty savvy folks is that bullion dealer crowd is
looking to buy and, in fact, is now doing so, taking what the specs will
give them on this sharp price break.
Our side, Gold Anti Trust Action (GATA), has been fighting some very
powerful forces that have orchestrated the gold market lower every time
it rallies because of sound supply/demand fundamentals. The fact that
the gold market is being manipulated becomes clearer by the day. So clear,
that it is gradually becoming easier for GATA to gather Congressional support
to launch an official investigation into this scandalous affair.
The collusion game ends when the bullion dealers are forced
to expose their "books." It may not seem so right now, but
the shorts are on a "short" leash and we feel they sense that.
My guess is that there is now so much talk about investors buying
tech stocks ONLY because they are going up that the big money crowd
is going to head for the exits for the short term - and very soon.
If some sort of panic does set in, what is Mr. Greenspan going to do?
Lower interest rates like he has done in the past?
He is supposed to be raising interest rates!
The short and long term rates have yinned and yanged versus each other
these past weeks. The Dow and NASDAQ have been yinning and yanging with
each other, too. THIS IS NOT GOOD, OR HEALTHY, for stock markets.
At some point, investors are going to realize that the financial asset play
of the nineties has come to an end for the time being and a hard money play
will emerge. It will explode when the investment world realizes that the gold
price has been artificially kept at too low a price by a certain faction of
U.S. "officialdom" and a few scoundrels in the bullion banking world.
Good day.
[End. Bill Murphy talks about GATA activity.] |
