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

To: Ken Benes who wrote (53712)	6/5/2000 12:58:00 PM
From: long-gone	Respond to of 116774

Next question. One day soon we have a new President, and BOOM, we find out the gold which belongs to the US Government(or some part of it) is on loan or has been sold. What then? What should be done? How quickly? Should there be jail terms, only monetary damages, or are the profits available from the gains the only repair which could be expected? One of thought brings the word "cucify" to mind... but then what would that yield?

To: Ken Benes who wrote (53712)	6/5/2000 12:58:00 PM
From: goldsheet	Respond to of 116774

> there is a lot of anecdotal instances to support their thesis along with a good amount of hearsay evidence from a variety of sources. This is not the kind of stuff that is going to sway a lot of people. It is also the kind of evidence which may not hold up in a court of law. I shall wait for the lawsuit to be filed and the results. Meanwhile, I shall not worry about things over which I have no control. I'll just keep doing the best I can to report facts/data/news, update my website, and try to make a few dollars trading the bounces in gold. Best wishes for profitable investing !

To: Ken Benes who wrote (53712)	6/6/2000 5:40:00 AM
From: William Harvey	Read Replies (1) \| Respond to of 116774

Ken, I've read a good bit of the GATA Gold Derivative/Banking Crisis report and my understanding is that the amount of derivatives pose no threat to central bankers either. They're in the driver's seat and the speed at which they're driving says nothing about the momentum of the moving financial vehicle. The point the report is making is that, at this point, there are no posted speed limits and no speedometer either. Central bankers are the most protected people on the road, even protected from laws of Congress. It's a good read. gata.org Conservativism works both ways. For years, it's made perfect sense to borrow gold at ridiculously low rates and sell it, using the proceeds to buy into the stock market. This is fine as long as the market goes up. I wonder how many have been lured by the thought of easy money into the April crash and now must extend their gold borrowings or even default. Investors doubt whether gold can sustain a rally but is not too surprising that the conservativism of lending gold is quickly replaced by the conservatism of buying gold. Judging by the sharp selloff in stocks, lots of conservative investors have been badly burned or wiped out by the gold carry. A rule of thumb is that one bad experience in the market loses ten customers.