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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.99+0.3%4:00 PM EST

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To: John D. McClure who wrote (27311)1/30/1999 12:50:00 AM
From: Jim McMannis  Read Replies (2) of 116753
 
Consider this....
Americans love get rich quick schemes.
From chain letters to "Dare to be great" seminars in the 60s
to, Tom Vu, To Carleton Sheets, to Charles J Givens, Shaklee, Cambridge diets, Z best, Amway, lottery, powerball, Tony Robbins,
Reverend Ike, placing ads in newspapers....well you get the idea...Americans love get rich schemes.
Now it's the stock market and what's worse is that over the years people have been spoiled to the point of thinking they are "entitled" to it. Lord forbid that someone, the FED no less would pull the plug.
So now we know that the price of gold is manipulated. I don't argue that but what happens and who gets blamed if gold is allowed to trade freely? Who does it affect when the market tanks? A lot of people a lot of Americans with money in the sacred IRA, 401k, pension funds etc. I don't see the FED buckling under to a relatively few gold bugs when the virtual heights of a ponzi scheme are at stake. This will be viewed as a case of "the good of the many outweighing the good of the few" (TM-Star Trek) I'm afraid...
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