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

To: denekin who wrote (54639)	6/19/2000 12:42:00 AM
From: Rarebird	Read Replies (1) \| Respond to of 116764

<Gold sale by all the world's Central Banks would simply guarantee a fully confirmed and absolute bottom for Gold, and an absolute and all time high for the US Dollar.> Why would the CB's of the World want to establish "an absolute bottom for Gold?" I'm all for it as it might take the noose off gold's neck, but doing that would not be in the self-interest of many of the CB's?

To: denekin who wrote (54639)	6/19/2000 1:02:00 AM
From: PaulM	Respond to of 116764

CENTRAL BANKS HAVE LITTLE NEED FOR GOLD, FED ECONOMIST SAYS egroups.com Not much to add that hasn't been said before. I don't think the U.S. will sell its gold reserves, but some minor central banks might go along. Henderson's suggestion to "speed up" gold selling does suggest theres much more to this than just a technical argument about what to do with gold reserves. Particularly when the Washington Agreement contemplates the opposite.

To: denekin who wrote (54639)	6/19/2000 6:42:00 AM
From: long-gone	Respond to of 116764

1. We should ask quickly about the personal investment position of Henderson. 2. Henderston is only one economist for the Fed. Not all economists or even the "head" economist. 3. The Fed. does not have the gold, the Treasury does. 4. Before any sale could take place it would need be approved by both houses of Congress. 5. Most Congressional members are already less than happy about the "audit" of US gold reserves last year. Before any sale could take place a full inventory assay & audit would need take place. 6. It won't happen before the Presidential Election at this late date. If not now, perhaps never.

To: denekin who wrote (54639)	6/19/2000 7:06:00 AM
From: long-gone	Respond to of 116764

Doesn't it show how failure of their manipulation nears & perhaps with it the manipulators.

To: denekin who wrote (54639)	6/19/2000 7:30:00 AM
From: d:oug	Respond to of 116764

... from a US Federal Reserve economist ... that it would be a good idea for the world's Central Banks to sell ALL of their Gold..... ... when a US Federal Reserve economist makes a statement, it is Federal Reserve policy. Otherwise that person would not dare make the statement.... Lawrence, The prior post by Richard, as a reply to your post, has good thoughts but I would like to comment about the thoughts of you post, shown above. It is easy to imagine that any person who works for Allen Greenspan, especially those down 3 or 4 levels in the personnel tree from the very top where Al is alone and spoken as "second most powerful person in usa", would very much toe the line and not speak counter to Al's wishes. Unfortunately, for good or bad, not true as there is much going on that Al has no control over and some of it is directed specifically to undercut and weaken Al's views and wishes. A little X-Files here in that some on the payroll of the Fed where Al is top boss are "planted" by others who are "powers that be" and influence or move Fed policy unseened and unknowned by the public. No way can Al get control of this, just as no way can Al obtain influence on those who work under him but work for others. Anyway, not Al's style to engage these types of persons directly thru his position, eventhought he would fail, Al does not want to spend his time and energy on non Fed activities. So how does Al deal with this ? Easy, in that Al is not really a "stay at home" type person, but he would appear so only because the Washington type social life is too political, and he is more of a sociable jazz player and enjoys the company of those in jazz. Not well knowned, but a study was done and identified people that identified Jazz as the music of choice to exhibit certain well established tight social patterns that reflected a need to not deal directly with the general public. Something like a very friendly person that acts shy and avoids contact with many folks of a certain personality. Its just a simple protection reflex to a sense of danger that these people are sensitive to while most others are not effected. Anyway, Al deals with that situation at the Fed I described above by going to many social functions, and since he has an automatic invitation to them all, he can pick and choose to go to those that will deliver the type of information through talking to those other "movers and shakers" that will allow him to understand what is happening at the Fed that he is off limits to. Well, less than 2 weeks to prove my prediction wrong. From: Doug A K April 29, 2000 My prediction for GATA. June 2000 it's ass is grassed. GATA Poof'ed. GATA - Gold Anti Trust Action Committee Inc. - www.gata.org GATA has collected information that points to a gold derivative disaster looming on the horizon, and has itemized the steps needed to prevent it from becoming more catastrophic than it need be. In the spirit of sounding an alarm, GATA has brought this information to the attention of the public with limited success. Either GATA has uncovered another cover-up by the USA government to hide the fact that aliens were indeed captured at Area 51, or GATA has located the place where the living Elvis is staying, or GATA is trying to open a door that contains inside that room not only facts of a manipulated gold market, but much much more that would cause a real life horror show to be exposed in real time to the public, of which the resulting outcome to be very sad and messy and very very very troubling to the citizens who elected their represenative to government high positions to work for and protect their interests, and then find out that even thought they were not involved in any unsavory or questional or criminal behavior or activity, that they were in the loop to know of such, and that they decided not to speak up or bring this to the attention of the people that elected them to serve them. Who to trust and not will not be clear to a degree that the citizens of the USA will not feel comfortable having those who run the government investigate themselves as the scope will not only be large, but unclean who is and is not connected to the wrong doings. Both political parties will have connections not only at present time but more importantly back thru many years when many different persons of both parties were at the helm and control of many areas to be regulated thru government laws and policies. What to do when the threads of a current bad situation leads back into time into both parties thru many different persons of which some were deeply involved to the other side of some only knowing of such activity but keep quiet. Bottom Line ========== In the coming weeks GATA will bring to the attention of certain members of the United States Congress the gold derivative disaster as GATA understand it. Also included will be GATA's suggestions to prevent it from becoming more catastrophic than it need be. To use GATA's words. [Start.] "GATA will alert certain politicians (especially banking committee members) to the cancer that is now rotting the financial system. The choice is to take the medicine now and survive, or go into denial and probably "kick the bucket" down the road." "... the massive document that GATA is preparing to deliver to banking committee members in Washington and other politicians. One of those politicians is one of the most powerful men in Washington. He knows of our claims and is making the time to meet with our delegation." [End.] To this "End." I will predict that the role of GATA will soon come to an "End." as after GATA goes to Washington and delivers the Talk & Walk stuff they will leave with a feeling of job well done and an expectation of high drama and events like a Congressional Hearing to take the GATA cause to the place needed so that quick and strong action will occure and prevail. But it is not to be so. days will go by gata waiting for "Breaking News" and more days and more silence and gata will "check in" with Washington and on the Gold Colored Answering Machine Telephone Bill Murphy will hear the recorded message "It's in the system, in the pipe line, year 2002 scheduled." in other words "Don't call us, we will call you." in other words "Get Lost." in other words "Working in/thru the system." "The System Rules." "Protect the System." (aka) past & present politicians back side Gold ??? $250 and lower until the storm has passes & damage is contained. The System = USA Government it ain't no what happened first, chicken or egg but is it horse before or after carriage where carriage = government and horse = powers that be = money for re-election and answer is simple as both are correct as not only does the horse pull the carriage the horse also pushes the carriage or to say politicans elected by the people politicans serve the money donations, past & present as in say anything to get elected especially "... i will not do as the last.." hell, we all got it memorized by now having hear it each year over and over Doug & Reality Bites.

To: denekin who wrote (54639)	6/19/2000 7:59:00 AM
From: Enigma	Read Replies (1) \| Respond to of 116764

Sale of gold - it won't happen: 1) Who would buy it? 2) In what form would it be delivered? The only honest way to do it would be for the CBs to mint the gold into coins of the same '9999 purity and exchange the coins for local currency. Maybe there would be a univeral coin. The public would then be free to trade the coins. Anything else would be fraud or robbery. But the value would swiftly become market value not face value. Good money driving out bad, and all that. Gold would then be a bottom line savings and investment vehicle. And it would trade. But the idea would never fly in Washington and in other capitals - because it would put the spotlight on the fiat and its credibility and fallibility. PS. BTW cna you print chapter and verse on your source - to show it isn't a hoax - re which BTW a lot of people have risen to take the bait?