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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Activatecard who wrote (34668)	5/23/2000 11:23:00 AM
From: pater tenebrarum	Respond to of 42523

good question...it looked to me like an attempt by the ECB to assert its authority. anyway, they were inundated by the bullion banks to 'do' something as soon as the PoG threatened to rally beyond various strike prices and thus Kuwait was enlisted, as well as larger banks like JPM and Deutsche. in the final analysis it looks rather confusing...my guess is they were 'told' by the US that they're risking the pricking of the US bubble, and by extension could dent confidence in the whole fiat pyramid scheme we treasure so much. so they backed off...