Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: H James Morris who wrote (4522)	8/14/2002 2:45:09 PM
From: Jim Willie CB	Read Replies (3) of 89467

Gold Dealers Bomb US Gold Market Price drops from $318.50 in Asia to $311 in the USA by James Sinclair Gold investors/traders were shocked this morning by the drop in gold prices under relentless gold lease conversion dealer selling in the US. I have said, time after time, that this is a Battle of the Titans devoid of any public awareness between the gold dealer's derivative cartel versus Asian bullish interest. Once again you see this war being fought as if it were a last ditch attempt at survival. Well, it is! This is not a war to prevent a melt down in the $300,000,000,000 gold derivative pyramid but a war to prevent a crack in dike of $72,000,000,000,000 total notional value of all derivatives granted on all trading items. ($300B in gold derivatives -- $72,000B in all derivatives) more coming, but having trouble editing here /jw

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