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


To: Zardoz who wrote (55739)7/5/2000 2:05:00 PM
From: long-gone  Respond to of 116791
 
One could also ask exactly the inverse side of your questions about the shorts in the market which the investing world hear snicker everytime "gold" is spoken. but your point is well taken.



To: Zardoz who wrote (55739)7/6/2000 6:40:16 AM
From: long-gone  Read Replies (1) | Respond to of 116791
 
re: 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

OK, Remember back a couple of years ago when Buffet took a big long position in Silver? Remember how he was investigated & it was widely reported he was ultimately forced to lease it back into the market?

Can anyone here answer a question for me? Just how the HELL can this action by Goldman on the short side of one precious metal(many say the far less necessary one)be Legal but long side of the transaction in silver be outside the LAW?

This is what PISSES me off!!!!! Selective Enforcement!