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

To: long-gone who wrote (55449)	6/29/2000 10:37:05 PM
From: d:oug	Read Replies (2) \| Respond to of 116760

Richard, This new article at Blue Sky you posted today skybluemonthly.freeservers.com has directed to readers of it a question needing an answer. So far no one has referenced this article, and I'm hoping that a few here that carry on between each others posts as having what it takes to understand the gold market that they could read the article and follow up with what they see as a conclusion to what the author presented. Short excerpts from this article follows. Sky Blue Monthly (July 2000) All Rights Reserved, 2000 Mervin Yeung Editor/Publisher Home Page: skybluemonthly.freeservers.com E-mail: tinyeung@home.com July 1, 2000 Gold Carry Trade The following is an analysis on Mr. Martin Armstrong's paper June 10th, 1999 "Gold: Manipulation or Exaggeration?" pei-intl.com By Martin A. Armstrong Copyright Princeton Economics International His paper is very thoughtful. We agree with most of his points, but we disagree with his analysis on Gold Carry Trade and we came to an opposite conclusion..... The quotes from his paper will be printed bold and black. If we agree with Mr. Armstrong's points, our comments will be printed bold and blue. If we disagree with his points, our analyses will be printed bold and red..... Note: ==== This issue of Sky Blue Monthly is published online much earlier than usual due to high number of requests from our readers who were interested in this particular subject. The actual date of publication of this issue is June 8, 2000. The "official" date of publication is July 1, 2000 -- see above. [Start.] A two-man army calling itself GATA has begun to besiege..... ... constantly point to what they call the huge "carry trade"..... If you agree with our analysis above, you will also agree with Mr. Armstrong's point that gold is not being manipulated..... But, this does not........ nature of Gold Carry Trade. However, you can't say that gold is manipulated, UNLESS you can prove that gold lease rates are kept artificially low by the central banks. We won't try to prove that. That's your job if you believe the conspiracy theory. Mr. Armstrong also wrote..... We hope this issue of Sky Blue Monthly can clarify the Gold Carry Trade. If you want to prove that there has been a conspiracy in the gold market, you have to prove that central banks have kept Gold Lease Rates artificially low. This is the subject that should be left for the experts in precious metals..... August 2000 issue of Sky Blue Monthly will be available by August 14, 2000. This newsletter is for general information only and does not constitute an offer to sell, nor is a solicitation to buy securities and/or derivatives. The information is believed to be true and accurate at the time of writing and the Publisher of Sky Blue Monthly is not responsible for any actions taken as a result of reading this newsletter. No portion may be reproduced in whole or in part without the consent of the Publisher. If you have comments or suggestions, email me at tinyeung@home.com