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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: TD who wrote (2847)	6/4/2000 11:54:00 PM
From: Archie Meeties	Read Replies (1) \| Respond to of 8010

You're mistaken, the Chinese have been selling. I'm not fretting over the price of silver, just buying bullion.

To: TD who wrote (2847)	7/6/2000 12:42:15 PM
From: long-gone	Read Replies (2) \| Respond to of 8010

Selective Enforcement - when is a monopoly not a monopoly? Is there a monopoly being exercised on the short side to lower precious metals prices? Is there a monopoly, being "overlooked", which allows a profit for some and requires a loss for most producers? Is a Tyranny being permitted which is causing additional suffering in Russia, South Africa, and Mexico? This was widely reported: "Jim Reilly, a partner in Goldman Sachs and top commodity dog, told a delegate at the FT conference that if buyers came in to push up the price of gold to $310 or $320, Goldman Sachs would offer unlimited amounts of gold paper to keep the price from going higher." Remember back a couple of years ago when Buffet took a big long position in Silver? Remember how he was investigated by the Department of Justice & it was reported, he was ultimately forced to lease it back into the market? Can anyone answer a question for me? Just how can this action by Goldman(if as reported) on the short side of one precious metal be Legal but the long side of the transaction in silver be outside the LAW? Selective Enforcement! How is a monopoly on the short side(to manipulate the price below the cost of production for 50% of all producers) DIFFERENT from one on the long side which raises the price? Will the action by Goldman Sachs(if it happened as reported) to control the price of gold lower & profit from it be investigated? James Madison taught us: "The accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether hereditary, self-appointed, or elective, may be justly pronounced as the very definition of tyranny." How can actions which permit profits for speculating banks & brokerage houses from the lowering of prices & forbid a profitable price to the bulk of the world's producers be called anything less than a destructive monopoly? As the White House, Department of Justice, & the CFTC, allow these actions by their friends at Goldman Sachs (and others) they have failed the test of the our Founding Father James Madison and must be assumed to practice "the very definition of tyranny." How many years has it gone on? When will it ever end? If, at last, something happens and their paper gold is found lacking of enough physical gold for backing, what can we expect? How much of a bail-out will they be due? Will they get a bail-out as is seen in small banks where the officers never again are allowed to work in these fields, or a "bail-up" where all is forgotten at a cost of the US taxpayer or an additional suffering to those in the mining industry from a bail-out loan or sale of US Gold Reserves?