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Gold/Mining/Energy : MONETA PORCUPINE ME.t

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To: D LEE who wrote (316)10/25/1997 2:01:00 AM
From: D LEE  Read Replies (1) of 440
 
i had to search the net to get the news elaborations
in the previous post.
my contension is that they were not brought up
by the broadcasters, who let this "headline" fly in the
face of investors without the details all day
and the market was hounded by this. (oct 24th)

i regret to say the broadcasting source was CNBC,
because it's a program i enjoy which devotes
the entire day to stock market related events.
in other words - non stop news -

to top it off, upon market closing,
they wrapped up the hour "gold bashing".
the subject title was:
"Bre-x the greatest gold scandal in history"
the contense included the dangers of investing
in small canadian mining companies,
how Walsh and his wife sold 109 million in bre-x stock
before the bad news was released to the public.
and how 7 of the 10 canadian provinces do not provide the
framework for such a suit as the present one against walsh
to take place.
they ended by saying:
"the remaining provinces appear dissinterrested in
making necessary changes to protect investors."


i'm not just complaining.
my reason for making these statements is not to
have you think cnbc's methods are shamefull,
but to impart another thought.

broadcasters are an extension "the powers that be",
taking direction from them.
the "queer" broadcasting style is naturally manipulative
in the interest of preserving the status quo, or stability.

broadcasting in the manner i've mentioned indicates to me
they're trying to hold back an investment shift
into gold related markets and specifically into the smaller
canadian mining companies they took the trouble to
"caution against."

they may continue to succeded for a while, but i beleive
the truth will out and canadian mining companies will
be getting a celebrity status from us apple knockers.

just letting you know that from where i sit, something's
in the fire. the words that i hear tell me
the "powers that be" are struggeling. when change
comes, i expect it to appear, more or less, a suprise.
-in magnitude equal to how hard they're trying to keep it
from happening.

dave
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