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Gold/Mining/Energy : Gold Price Monitor
GDXJ 136.00+6.2%Jan 20 4:00 PM EST

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To: d:oug who wrote (52639)5/15/2000 4:31:00 AM
From: d:oug  Read Replies (1) of 116895
 
Subject: Fed knows more about gold manipulation than it admits

egroups.com

From: GATAComm
Date: Mon May 15, 2000
Subject: Fed knows more about gold manipulation than it admits

Dear Friend of GATA and Gold:

Reginald H. Howe of www.goldensextant.com demonstrates
in his latest essay that the Federal Reserve knows more
about the manipulation of the gold market than it is letting
on. His essay is accompanied by three important charts that
cannot be reproduced in this simple email.....

whole essay at:
goldensextant.com

Please post this as seems useful.
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
* * *
The Fed: Up to its Earmarks in Gold Price Manipulation?
By Reginald H. Howe
www.GoldenSextant.com
May 15, 2000

Testifying before Congress in mid-1998 on the subject
of over-the-counter derivatives.....

Whatever Greenspan may have intended to convey
about the risks of gold derivatives and the knowledge
or participation of the Fed in any scheme to control gold
prices, he has not painted a very accurate picture of
the true situation. Indeed, the notion that central
banks possess a general power through leasing to
control gold prices over the longer term is not just
mistaken but dangerous. It is a prescription for a gold
banking crisis. This subject will be addressed in my
next commentary, together with the possible connection
of the Swiss gold sales to the activities hypothesized
in this commentary and dramatized so well by Elwood's
charts, for which I again express my sincerest thanks.
-END-
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