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Gold/Mining/Energy : Gold Price Monitor

GDXJ 127.15

+0.4%

Jan 15 4:00 PM EST

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To: The Vet who wrote (30122)	3/16/1999 8:20:00 PM
From: PaulM	Read Replies (1) of 116857

"IMF sales must occur in order to bail out the shorts" There's so much to criticize in the announcement from a political standpoint, it's times like these you have to wonder about the intelligence and motivation of the main stream press in this country. I guess I'm the only one who noticed that bailing out a debtor in trouble coincidentally benefits the lender as well. And who is the lender? (Naa, better not tell them that. They might actually focus on what's going on). The plan envisions "grants, not loans"---which means that Clinton advocates selling an asset belonging the IMF's shareholders (in other words the citizens of the U.S., Japan, Germany etc.) to bail out whoever prudently loaned--and collected interest on--billions to what is likely the most politically unstable region on the planet. And, yes, bonus: gold shorts get bailed out too.

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