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

To: long-gone who wrote (57076)	8/6/2000 10:47:09 PM
From: Rarebird	Read Replies (1) \| Respond to of 116972

<I agree, the only thing they owe us is a market free of manipulation. to that end I hereby demand: 1) a full inventory of all US gold reserves 2) a full sale of all US gold reserves at best possible price 3) the demand no government leases gold they do not have in physical possession> I can support #1 with no problem. As for #2, "best possible price" may not mean the "the best possible price" for shareholders in gold mining companies, as is evident from the way the BOE has handled its gold sales. The decisive question is #3 and I think GATA is wrong here and it is not illegal. Many farmers use derivative contracts to lock in a price for the commodity they produce years ahead of time and that commodity is not in their physical possession yet. Why can't the gov't do the same thing based on estimated gold production a few years out? Are you trying to say that what is good for the farmer is not good for the Gov't? As for manipulation, no market can ever be free from it. It is a feature of human existence: Self-Interest will always determine the behavior of human beings. I think your assuming an Objective Market can exist. Manipulation is merely adding additional leverage to a trade in order to hopefully maximize profit on the long or short side.