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

To: d:oug who wrote (52305)	5/4/2000 8:13:00 AM
From: lorne	Read Replies (2) \| Respond to of 116753

US gold safe and sound in Fort Knox May 03 2000 at 10:22PM By Jonathan Rosenthal The United States government's reserve of gold bars, the world's largest, was all accounted for and safely tucked away in the vaults of Fort Knox and other repositories, said James Turk, the gold market commentator, after an eight-month investigation. The notion that the vaults at Fort Knox might be empty first emerged in the 1970s when dissident journalists and gold commentators started talking of eye-witness accounts of hundreds of army trucks leaving Fort Knox in the dead of night. Turk first started asking questions about the security of the US gold reserve last year after he was informed that it had last been audited under the Eisenhower administration in the 1950s. His suspicions were further aroused after the US government failed to supply him with copies of the most recent audits, despite his written requests. It was only after he wrote to his congressman, who then raised the matter with the US government on his behalf, that the government finally replied. But Turk, who told his congressman that "in the absence of a proper audit, the gold reserve at Fort Knox may be at risk", was not satisfied with the government's initial response. He said according to the information given to him by the government it appeared as if "a proper audit of the gold reserve at Fort Knox has not been undertaken". But Turk said in his latest report that he had now been convinced that the gold reserve was properly accounted for. At the end of March the US treasury said that 97 percent of the gold held at Fort Knox had been audited and that the audits included physical counts of the number of bars in particular compartments. The auditors also drilled into the bars to check that they really were solid gold. Turk said that, when he began his investigation last August, he had an open mind on the question of whether the gold in Fort Knox was really all there. "I think I have satisfied myself ... It would appear that the gold reserve is intact, safely stored in Fort Knox and other storage sites," he said. iol.co.za

To: d:oug who wrote (52305)	5/4/2000 9:32:00 PM
From: d:oug	Read Replies (1) \| Respond to of 116753

GATA says gold market manipulation can be observed in two easy ways. (1) The patterns bullion banks employ in their orchestration. (2) A propaganda machine to create a negative slant about gold. GATA's conclusion about the U.S Government's role. (1) Exchange Stabilization Fund, short 2 thousand tonnes of gold. (2) Exchange Stabilization Fund, taken over producer and hedge fund shorts. Week following GATA's trip to Washington an open letter will appear in Roll Call alerting Washington that the banking members have received information of a gold derivative problem. Butttttttttttttttttt gold is NOT being manipulated (see below) goldminingoutlook.com by Steven Jon Kaplan Thursday, May 4, 2000 QUESTION: How do you know that gold is NOT being manipulated ? ANSWER: There is enormous evidence the gold price is NOT being manipulated. Firstly, manipulation almost always involves..... ... almost never benefits any group of investors to keep ... More importantly, gold is far too liquid to be ... When it does occur, commodity manipulation almost always For example, it would make more sense for a small..... Similarly, the amount of gold traded just on the..... ... manipulators would go after a commodity such as Additional evidence...by examining historic levels ... it is hardly surprising that gold is depressed in value. ... is almost a perfect inverse relationship Plot a curve of the number of tonnes of gold purchased..... It strains credibility to imagine that these billions of dollars in physical activity could be somehow overwhelmed by any group of investment capital, no matter how great. But the most convinciing.......................... In order to buy low and sell high, first you have to buy low! LINKS TO OTHER PAGES: Short Stories - Original fiction by yours truly. Dallas Gold and Silver Exchange Buy and sell physical precious metal products. Data and Charts Excellent free service, has everything but long-term charts. Kitco Discussion Group Market Guide Canadian/U.S. quotes and analysis. Bill Buckler's Resource Center Vronsky and Westerman's Precious Metals Page Gold Newsletter Links (4 stars) Bob Johnson's GOLDSHEET Mining Directory 4 stars **** The Skeptical Investor Max Moseley's Precious Metals Page. The Bell Doesn't Ring At The Top The Riddler Clear thinking about the financial markets. Gold Convertibles, lesser-known alternatives to gold and its shares. Global/Offshore Investing, How to invest offshore. The Astrologers' Fund, Your financial horoscope. The Coach, What to do after the trading day is over.