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

To: TheBusDriver who wrote (54930)	6/22/2000 6:44:00 PM
From: pater tenebrarum	Read Replies (3) \| Respond to of 116753

Wayne, i do believe there is some manipulation going on...to wit, the miraculous 'gift' of Kuwait's entire gold reserve to the leasing market as the shorts were really in distress following the Washington agreement. it seems pretty clear that Kuwait does NOT need the 2% interest income on 79 tons of gold. what i meant to say is only that the MAJOR reason for gold being in the doldrums is not the manipulation, but a general disinterest by investors in gold as an investment medium. but then again, the same disinterest was evident towards equities in 1982.... regards, hb

To: TheBusDriver who wrote (54930)	6/22/2000 9:50:00 PM
From: long-gone	Respond to of 116753

<<I used to think that too...but not any more. Watch what happens every time POG gets close to $290....the sellers come on strong. Bingo. Gold is range bound. Isn't that nice for all the people loaning billions in gold loans?>> It was the "announcements by every backwater CB at every rally then the BOE/GS deal that made it clear! These are powerful manipulative SCUM &%$#^%(&*^%$! If the government does not wish anyone to make a penny form gold mining, the the right way is to pass a law, now allow profits to the connected & losses to the rest!