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

To: Hawkmoon who wrote (52779)	5/15/2000 8:46:00 PM
From: d:oug	Respond to of 116764

GATA's resolute like a dangling participle, gata nuts have brass'ish balls. GATA's RollCall open letter surprised me, as I thought it was to be another flop like the first one in RollCall. But no, as my above dangling might not withstand the test of English grammer, I now wonder if the gold colored hard balls of GATA will withstand a continuation of a dangling after their present standing tall and facing the danger'ing of being too direct and open intentions towards the enemy which they have "called out" by name. Bill Murphy says that the other side has the power and money, while GATA only has the truth. Having was ok'ed by the other side, for GATA to have. But using the truth, by GATA, was not expected by the other side, but has now happened in the RollCall open letter. Surprised me, for sure, as having gata brass balls is only talk, but dangling gata brass balls in public is a whole new ball game to play and creates an espouse'ation to others of the dangers of a "dangling in public." as i walk thru the valley in the dearth's shadow i shall fear no evil and what it can do to me as either i am protected or i have nothing of value to lose as i walk and see gata and it's foe walking thru the valley in the shadow feeling fear and no matter if either one turns and tries to walk away the shadow follows as the shadow knows that shadows now overlap and here, the sum is greater than it's parts while looking smaller, its more dense, like two facing each other each back to the wall each cornered one by choice the other by chance dougak [Start.] The Gold Anti-Trust Action Committee has concluded that the gold market is being recklessly manipulated and now poses a serious risk to the international financial system. Gold Anti-Trust Action Committee (GATA) ... off-balance-sheet gold derivative contracts on the books of Morgan Guaranty Trust Co. went from $18.36 billion to $38.1 billion in the last six months of 1999. ... far too big too be repaid back in a short time. ... Federal Reserve Chairman Alan Greenspan and Treasury Secretary Lawrence Summers ... have denied any direct involvement in the gold market ... But they have declined to address whether the Exchange Stabilization Fund, which is under the control of the treasury secretary, is being used to manipulate the price of gold. ... New York bullion banks, particularly Goldman Sachs, from which the immediate past treasury secretary, Robert Rubin, came to the Treasury Department, have moved to suppress the price of gold every time it has rallied over the last year... ... believes that U.S. government officials and these bullion banks have induced other governments to add gold supply to the physical market in recent years to suppress the price... ... this "gold carry trade" is a financial bonanza to a privileged few at the expense of the many... Suppressing the price of gold gives a false impression of the U.S. dollar's strength as an international reserve asset and a false reading of inflation in the United States... Massive amounts of derivatives are being used to suppress the gold price. If this situation is not corrected soon, there will be a gold derivative credit and default crisis of epic proportions that will threaten the solvency of the largest international banks and the world standing of the dollar... Gold Anti-Trust Action Committee (GATA) Suite 1203 4718 Cole Avenue Dallas, Texas 75205 gata.org Bill Murphy, Chairman, LePatron@LeMetropoleCafe.com Chris Powell, Secretary/Treasurer, GATAComm@aol.com Ethan Stroud, Attorney at law, former Justice Dept, Treasury Dept John Feather, Attorney at law, formerly legal staff, Federal Reserve Bank [End.]

To: Hawkmoon who wrote (52779)	5/16/2000 12:40:00 PM
From: goldsnow	Respond to of 116764

``The possibility of them raising output in June is remote,'' said Nauman Barakat, vice president of global energy trading at ABN Amro Inc. in New York. ``Prices are up now not because of oil output but because of an internal U.S. gasoline issue, and it's up to the U.S. to solve the problem.'' quote.bloomberg.com