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Gold/Mining/Energy : Gold Price Monitor

GDXJ 96.06

-1.4%

Nov 17 4:00 PM EST

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To: Enigma who wrote (22050)	10/21/1998 2:35:00 PM
From: Terry Rose	Read Replies (3) of 116762

enigma, Lowering interest rates to help prevent a recession or provide liquidity during a credit crisis is an option of a Central Bank. When the announcement of an interest rate change is made right before options are about to expire and other markets are closed (bond and gold markets) then manipulation and resulting ethical behavior becomes an issue. Not everyone is long the stock market. Some shorts were pounded by this move and no consideration was made towards them on the timing of this announcement which in my opinion was made at the time of maximum effect. When you have rampant manipulation in markets by cartels ie. Central Banks, brokerage houses, and major banks then the game is a crooked one. One who enters this game must either have a very short-term view or a very long-term view. Terry,

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