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Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST

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To: Abner Hosmer who wrote (8113)3/7/1998 1:15:00 PM
From: PaulM  Read Replies (1) of 116764
 
And...Bundesbank President Accused of Insider Trading

Currently the 2nd Summary in....

bloomberg.com

The non-disclosure problems you pointed out also, of course, include a huge potential for abuse. It seems impossible to detect or police insider transactions by those close to CB officials--whether in the stock, gold, bond or currency markets--given that nobody knows policy until well after the fact.

Despite the huge potential for insider transactions, the latter three markets are often ignored. Maybe because govt officials would rather focus on the one market--stocks--in which private rather than govt policy making directly affects prices.

I do find it curious there aren't more claims made against govt and CB officials given prevasive "revolving door" phenonomen whereby govt officials regularly move from the boards of major corporations and partnerships in law and investment banking firms into to govt again, and then into the private sector etc.


P.S. ALL of your posts are appreciated
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