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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (37089)7/13/1999 1:09:00 PM
From: Hawkmoon  Read Replies (2) | Respond to of 116791
 
Richard,

Whether the mechanism be the Fed or the Treasury dept, just like intervention in the currency markets (call it manipulation, if you like), gold is rightfully controlled when monetary policy concerns dictate.

So if you want to stop manipulation/intervention in the gold markets, you'd better get a legal judgement against the Fed/Treasury preventing them from intervening in the currency markets.

And if those actions in the gold market are done through the leasing of gold, or the liquidity of the gold lease market through varying the lease rates, legally they can say they have no actions in the gold market. But that doesn't mean that they don't make it more profitable for other private parties to do their will for them while providing them cheap leased gold to accomplish their goals.

Regards,

Ron