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

To: long-gone who wrote (50746)	3/25/2000 11:30:00 AM
From: PaulM	Read Replies (1) \| Respond to of 116753

"can even the most rigged game in the world create silver out of thin air?" No. But, that didn't stop TOCOM from freezing palladium trade when they didn't have any. And it didn't stop COMEX from freezing out new longs when the Hunt brothers did there thing in the early 80's. And it didn't stop the LBMA from unilaterally lengthening the time for delivery when Warren Buffet bought in 1998. My point is you might have to be patient about being rewarded. Even after the precious metals markets break down (and all of them will, as palladium already has), it may take time for the world to make new ones. You see, because the world is now run by crony capitalists, the price of things (more specifically, artificially lowering the price of real things) is more important than ensuring a stable supply of real things. So we'll have shortages of everything. As I have posted many, many times of the past two years, the reason OPEC has us is because of the excessively low oil price policy of the Clinton administration, which, in turn, was another way of benefitting both himslef and Wall Street. America's interest required somewhat higher prices so that a few of our local, higher cost producers survived. Have you noticed that while oil is trading below its record highs (and well below in inflation adjusted terms) gasoline is headed for records this summer. Why is it the refining part that we, not OPEC, do, is the problem? Have you noticed that the Clinton Administration is in the process of reversing virtually every major foreign American policy stance of the past twenty years toward the major third world countries (i.e., softer on Iraq, conciliatory with Iran, overtures toward Tripoli, critical of Pakistan vis a vis India)? Gee, I wonder why?

To: long-gone who wrote (50746)	3/25/2000 9:39:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116753

"END GAME" When I made my first Gold investments it was late 1997 after the POG crash the same year, I believed Gold Producer Equities and I am not speaking of Exploration Only Companies, were a prudent investment. The DOW was then already at a unrealistic 8000. Producers had been pummelled with 50% to 90% losses of their former value that year alone. Prices appeared absurdly low. In the intervening 2 years, Producers have continued to be relentlessly decimated. Many today, which still exist, have valuations of 1% to 5% of former highs. The FED?s Actions in the late 90?s were incomprehensible if not criminal. Coupled with orchestrated Central Bank sales. Holders of Gold and Gold Equities have been penalised unmercifully for wanting to hold what was once considered honest money. The pressures and WAR AGAINST GOLD will continue without abatement. Truth is that Gold is God?s Money or at least the money of those that consider themselves as such and is considered unfit for honest men. Gold is real and cannot be created from nothing like fiat money. This being the case, Gold is a threat to what we now call The New World Order, which isn't new at all. Globalists have been around a long time. Globalists do not like Gold, for that matter they do not like Cash either. Both can be traded with far to much anonymity to be acceptable. Nothing less than a stream of electrons recording every transaction made with full documentation from cradle to grave will be embraced by these tyrants. Here are a few old sayings. ?Figures don?t lie, but liars do figure.? and ?Give a man enough rope and he will hang himself.? When the excesses of this generation come due and hard times come, aging self indulgent baby boomers will gladly surrender further personal liberties and freedom. This will not be a accident and is by design. This is what happened in the 1930?s and unfortunately it will happen again. Josh Wright goldworld.net