Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Eric Freeman who wrote (6886)	1/28/1998 2:23:00 PM
From: PaulM	Read Replies (1) of 116764

Eric and all, again the suit is itself manipulation. It doesn't get more blatant that this. And we should take this as the mark of desperation that it is. The shorts aren't alone hear. The money the shorts lost is peanuts. Our own U.S. govt is definitely playing some role in this, though will not want to be viewed in that role. As best as I can tell from the article--which only summarizes the complaint--the defendants are being sued for hoarding. Which considering that gold and silver are traditional money, should surprise no one. Republic is, after all, a bank. Call me crazy but I think banks should have stuff of real value in their vaults. And they should be able to move it anywhere they want, the same way trillions of paper dollars are moved everywhere everyday. The only objective piece of evidence relied on this that gold and silver are moving in opposite directions. I wonder whether it will occur to the judge or defednnts that it's gold, not silver, that represents the anamoly. Gold and oil are currently trading at the same nominal dollar levels they did 20 years ago. That's true of ABSOLUTELY NOTHING ELSE, but these most political of commodities. The govt and central banks know very well that it's precisely physical hoarding that will inject a healthy does of free market reality to the markets they themsleves have manipulated. Time is running out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next