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To: long-gone who wrote (38901)	8/12/1999 5:07:00 PM
From: Rarebird	Read Replies (3) \| Respond to of 116927

If I was a market manipulator ( which I'm not ) and if I had Goldman Sach's long position on the Comex, I would try to wipe out the Internet Day Traders before I allowed Gold to really surge on the upside. It's all a game of control when financial health is at stake.

To: long-gone who wrote (38901)	8/12/1999 5:10:00 PM
From: Ken Benes	Read Replies (1) \| Respond to of 116927

Richard: I am thrilled for you. If you are happy with your long term returns of hm and its dividend, God bless you, there is nothing else to say. Isn't picking the right entry and exit points trading? Ken

To: long-gone who wrote (38901)	8/12/1999 9:41:00 PM
From: Hawkmoon	Respond to of 116927

US Press Martin Frankel May Have Stolen as Little as $50 Mln Discuss this story / Free quotes and charts Aug. 12-MAR-- [B] US Press: Martin Frankel may have stolen as little as $50 mln By The Associated Press Greenwich, Conn.--Aug 12--Martin R. Frankel, accused of absconding with a huge cache of insurance company investments, may have stolen as little as $50 million, the newspaper Greenwich Time reported Thursday. While still a significant sum, the figure is far smaller than the estimate of $3 billion originally thought. * * * Greenwich Time, citing an unidentified source close to the federal investigation, said Frankel may not have invested any of the money that insurance companies in 5 states paid him to manage. The source told the newspaper that Frankel may have suffered from "trader's block"--a psychological inability to complete a financial transaction--and sought help from a hypnotist and at least one psychiatrist to deal with the problem. Frankel, who remains at large, apparently had a computer program which would comb through actual transactions to create the appearance of huge returns on investments. The program "monitored actual market trades, so when the client got the statement and checked on a particular security--by looking in The Wall Street Journal, for example--the computer-generated earning would match exactly with what it would have actually earned," the source said. "Say he wanted to show an insurance company their investments earned $20 million. The program would come up with the trades to match that amount," the source said. The statements Frankel sent to investors apparently led to the early estimates of losses, which ranged from more than $200 million to as much as $3 billion. When insurance regulators in April began questioning the legitimacy of Frankel's Liberty National Securities, the brokerage he allegedly ran from a fortified mansion in Greenwich, regulators apparently believed the insurance investments had grown to as much as $950 million. "But it appears that all Marty took was whatever the insurance companies first gave him to invest," the source said, speaking on condition of anonymity. "So we're not looking at billions of dollars, or even hundreds of millions." As much as $2 billion more was supposedly missing from a charitable foundation Frankel had created; that money, too, may have existed only on paper, investigators said. A federal grand jury has been investigating Frankel since mid-May. He disappeared in early May and remains on the loose. A warrant has been issued for his arrest on fraud charges. End