Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Alan Whirlwind who wrote (46302)	12/26/1999 9:59:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116972

.......and leave all talk of conspiracy in its wake?!

To: Alan Whirlwind who wrote (46302)	12/26/1999 11:23:00 AM
From: Edmund Lee	Read Replies (2) \| Respond to of 116972

ABX is part of a conspiracy to bust POG Arthur Hailey takes aim at Barrick In a storyline worthy of one of his own novels, writer Arthur Hailey is alleging Barrick Gold Corp. is part of a conspiracy to keep gold prices depressed. Mr. Hailey, author of a long list of best-sellers including Hotel and Airport, claims the Toronto gold giant's aggressive hedging program has aided the precious metal's decline. "I was and am critical of Barrick," said the 79-year-old writer in an interview from his home in the Bahamas. He recently dumped his 4,600 shares in the company. "Without a doubt there's been a great deal of misuse of gold that's holding the price down," he said.

To: Alan Whirlwind who wrote (46302)	12/27/1999 4:15:00 AM
From: Alex	Respond to of 116972

Greenspan policies 'may lead to crash' By Philip Thornton, Economics Correspondent 27 December 1999 Alan Greenspan, the revered head of the United States central bank, the Federal Reserve, has "mismanaged" the recent economic boom, one of the key advisers to John Major's government said today. The booming US financial markets face a double threat from an over-heating economy and an unsustainable balance of payments deficit, warned Professor Tim Congdon, of city analysts Lombard Street Research. The professor, one of the "Wise Men" who advised the then Chancellor Kenneth Clarke, said there was a danger of a Wall Street crash if investors stopped buying American assets. "Sooner or later international investors will refuse to buy [US] assets on a sufficient scale and the longer the current account deficit keeps on widening, the worse the adjustment when it eventually comes," he said. "Mr Greenspan is still being lionised ... but he and his colleagues have mismanaged the boom of the late 1990s. If Mr Greenspan does not take action soon, international investors will have to do it for him." The Fed signalled last week that it plans to raise rates early in the New Year. The speculation intensified days later after official figures revised third quarter growth to 5.7 per cent from an already meteoric 5.5 per cent. In a paper published today, Professor Congdon accused US policymakers of "complacency" for not acting sooner when they realised the recovery in domestic and Asian markets was stronger than expected. He said low interest rates had only been justifiable when the US was acting as "consumer of last resort" while the rest of the globe was close to recession. independent.co.uk