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

To: long-gone who wrote (44960)	11/13/1999 9:55:00 AM
From: Richnorth	Respond to of 116753

At the risk of being accused of stating the obvious, let me say this again: IMO, investors/speculators have been making so much easy money, hand-over-fist, in the stock market, that they are lulled into thinking that all is hunky-dory. Little do they realize the market is rigged for a variety of reasons, not the least of which is Y2K. As long as investors/speculators can make lotsa easy money, thanks in no small part to anti-gold propaganda, the Fed's Plunge Protection Team (PPT), and the rosy yammerings of CNBC, most investors/speculators won't be giving gold a hoot. That's exactly what the powers-that-be want! And it seems they are succeeding, at least for now.

To: long-gone who wrote (44960)	11/13/1999 10:27:00 AM
From: Hawkmoon	Read Replies (2) \| Respond to of 116753

There are indications this administration has also been using the same tools in the silver & petroleum markets. What say you to this? I say more power to them... If we can use our economic leverage to prevent our economy from being bled white by a cartel of foreign oil pumpers, let it happen. Lord knows that it doesn't cost $25/barrel to pump oil out of Saudi oilfields that American companies found and exploited FOR THEM. And Richard, if you're going to ask for complete transparency in the gold market, as to who buys and sells it at any particular time, then it is only fair that there be complete transparency in the banking sector, where anyone can find out when you have taken or repaid a loan, withdrawn money and converted it into personal goods (bought something with it). as for threats of sales of gold that no longer exist you are contradicting yourself. What you really want to know is when a Central Bank says they are going to sell gold, just who's gold loan is being called in. But then again, apparently the Brits had their gold on hand, didn't they? It seems their gold exists... Can you be so sure that US doesn't? And even if it's not sitting in Fort Knox, or in the New York Fed's vaults, that obligation exists to pay back that lease and loan. And it is these people who lease and loan a commodity who make up a large portion of the gold market. They hedge and bargain in the market in order to protect their loans from currency risk. They buy hedges to prevent exposure from a rapid price change in the commodity. And you know Richard, that is how much of the rest of the economy works. Money doesn't just sit in a bank vault. It gets loaned out and an IOU put in it place. That is the same situation with gold. Our financial system is a series of interlocking obligations. Always has been, probably always will be. When we put our money into our checking and savings accounts every month, there is no transparency as to where that money is loaned out, or to whom. It certainly isn't in the vault any longer. Why should it be any different with gold?