hb,
I was very surprised when I hear that man on CNBC mention
that the US credit/debt numbers were in a danger zone,
and quickly looked to see if they were spoken by a person
outside CNBC as reflecting a view not held by CNBC,
but as far as I could tell it was one of the CNBC analysis.
That why I post it, with the hope that another could verify
if what I reported was for real. I checked cnbc.com but
could not locate the transcripts page like cnn has.
Maybe they are doing that thing called hedging that can
be used for good, and also be used for bad. For example
if a BuBBle does PoP like i hope, then CNBC can replay
this 30 second quip and say "we told you so" , and if no pop
then it will be forgotten as if never said.
<<...it's not their style to issue warnings...:)>>
Just them hedging like paper gold, there and not, at same time.
<<...to see the Fort Knox based reserves being mobilized
at some point. it will be fun to watch...>>
My bet is that long gone Richard will receive that
"i have good news and bad news"
good news = richard was right, usa citizens gold long gone
abad news = richard was right, usa citizens gold long gone
+++++++++++++++++++++++++++++++++++++++++++++
To: heinz blasnik who wrote (55644)
From: David A. Kincade
Monday, July 3, 2000 10:17 AM ET
<Jim Reilly, a partner in Goldman Sachs and top
commodity dog, told a delegate at the FT conference
that if buyers came in to push up the price of gold
to $310 or $320, Goldman Sachs would offer unlimited
amounts of gold paper to keep the price from going
higher> Did he say this really?? DAK
+++++++++++++++++++++++++++++++++++++++++++++
Hopefully this it'ie bit'ie tiny little pock-a-dot not a bikini
from Le Metropole Cafe do not violate copyRight Dress Codes
It has an answer the question above,
as follows in my opinion, as follows.
Goldman Sachs will offer unlimited amounts of gold paper
to keep the price from going higher.
The Dos Passos Table
Guest Speaker
Topic du Jour
Professor von Braun
The Rocket School of Economics
July 4th, 2000
A Turning Point Is Near
Work done by Chris Carolan, (www.CalendarResearch.com)
has identified July 16th.....
James Turk, (www.fgmr.com) in an article.....
... per ounce and then return to the $280 level.
... cannot help but be impressed
by the number of contracts
required to keep the price at this $280 level.
It suggests that should the price rise again
another amazing effort will be made
to suppress the price.
The real question will be
can the bullion bankers do it again?
It is safe to assume that they will try.
Professor von Braun can be contacted via email at profvonb@aol.com
The Professor von Braun commentaries are sponsored by Aurumbank Inc. |
