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

To: banco$ who wrote (42229)	10/5/1999 11:26:00 PM
From: Terry Swift	Respond to of 116762

Banco$: I believe Mr. McDonough is doing exactly that. Bill Murphy of GATA sent a lengthy e-mail to LeMetropole members tonight in which he said there were rumors today that the NY Fed had provided Goldman Sachs with 10 million ozs of gold this morning (Tuesday morning) to cover short sales. I expect the Fed to intervene as necessary to keep the banks and brokerage firms solvent and stable. The Fed has often stated they will do what is necessary to keep the system stable. That certainly encompasses providing the banks and bullion houses with as much gold and easy credit as they need. The CFTC screwed the longs in 1980, the Fed is in the process of repeating the act now. Free markets have become a myth. Terry