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

To: russet who wrote (39615)	8/26/1999 8:06:00 AM
From: long-gone	Read Replies (3) \| Respond to of 116801

No manipulation of the market you say? Tuesday August 24, 5:35 am Eastern Time Japan FSA seeks criminal charges against CS Group TOKYO, Aug 24 (Reuters) - The deputy chief of Japan's top financial watchdog said on Tuesday that his agency was preparing to bring criminal charges against the Credit Suisse Group . ``We are preparing for criminal charges. We want to make efforts in that direction,' Hideichiro Hamanaka, the deputy chief of Japan's Financial Supervisory Agency (FSA), told a regular news conference. Japanese financial regulators said in late July they would revoke the banking licence of Credit Suisse Group's derivatives unit for obstructing official investigations and offering inappropriate products to clients. Financial regulators also ordered a partial suspension of Tokyo operations at four other CS Group units and Kokusai Asset Management Co Ltd, a unit of second-tier Japanese brokerage Kokusai Securities Co.(cont) biz.yahoo.com Wednesday August 25, 6:05 am Eastern Time Japan FSA inspects Deutsche Bank Tokyo office TOKYO, Aug 25 (Reuters) - Japan's watchdog Financial Supervisory Agency (FSA) conducted inspections at Deutsche Bank's Tokyo office on Wednesday, a bank spokesman said. ``Yes, that's true, but we consider it part of their regular inspections,' the spokesman said. Sources said FSA regulators also visited four other offices of the Deutsche Bank Group (quote from Yahoo! UK & Ireland: DBKG.F <http://finance.uk.yahoo.com/quotes/ukie/quote?symbols=DBKG.F&detailed=t>), including that of Deutsche Morgan Grenfell. The sources said regulators were checking compliance with risk management and other rules. biz.yahoo.com

To: russet who wrote (39615)	8/26/1999 9:46:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116801

Russett - the problem I have with much of this is in the conclusions people reach: 1) Producers want the POG to fall, and 2) CBs want the same thing. One doesn't have to go into the reasons why both of these wishes fly in the face of sanity. A variation on 1) Is that ABX is the big bad wolf - it wants the POG to fall so it has the field to itself. People forget that it is the juniors who find nearly all of the great deposits - and a healthy POG encourages investment in juniors. The large companies like Barrick find deposits by J/Vs with juniors. d

To: russet who wrote (39615)	8/26/1999 10:33:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116801

The trouble with the gold world is that nobody, repeat nobody, knows the whole picture. Games are being played out which will go too far and then there will be a scramble and we will see a major reversal. The CBs, by leasing out a (large?) percentage of their gold have (in my view) tried to get the best of both worlds and may have finished up with the worst. Initially they must have felt that leasing was a way to mobilise gold - whilst still being able to 'book it'. Driving down the price could not have been part of the scheme. And, of course, they can't get a lot of the gold back. If you were an investor, pure and simple, this would be the time to accumulate. There must be some brave souls around. d