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

To: d:oug who wrote (60034)	10/22/2000 10:27:08 PM
From: d:oug	Read Replies (2) \| Respond to of 116753

GNN - Yes its true, this GPM Thread is a dud. Lots of smoke, little HEAT. Just read a commentary from the Le Metropole Cafe where the gold-eagle and kitco chat boards were identified as sources of indepth, detailed and in your face reality of the gold market. The Le Metropole Cafe must be doing something right, else how can they jack up the subscription price 50% from $99 to $150 unless folks are willing to cough up cash to obtain what they see as a positive investment. This Bill Murphy of the cafe is also GATA's chairperson who happens to also be a member of SI and was a regular poster on this thread, but no more. Some who post here in my opinion have hit the nail directly on it's head, right on the money, can take it to the bank and end up feeling like others look at them like a N.Y. City Street Corner Nut. Interesting, for example TheBird has dressed up himself in a large showing of colorful feathers so that in his dance of "I am the Greatest." he can broadcast to all the message that he understands what all except a few choosen by him through a score card of their admiration towards him that "Survival through Manipulation is ok and good and needed and correct because it exist and will always exist and if you do not play that game, you will lost." So here we have a development in the news, that if happens has the potential to once again "The little folks, those without wealth and power and governments connection, will have sucked away from them the money they sent to the usa government under the ClinSin administration to be used to pay for services for their well being, to be taken and given to the folks with wealth and power that manipulated with criminal intent, to corrupt the gold markets so that they win on the backs of all others, now called loosers." Here it is folks, in the making, real time, the Wheels of the System turning to make it happen, the potection of the manipulators. All legal ofcourse, as TheBird points out that its the will of the people being spoken through their elected representatives to the usa government bodies that regulate the markets so that a fair play and open and just and accountability happens. Ya, and manipulation and sweet little green apples. So lets see, no one here mentioned the following, of which I got at the Le Metropole Cafe, of which I can not copy here, except for a small taste. If Bush wins the prez, then "Not Worth a Rubin" will be a prophecy to come true in all its horror. The James Joyce Table Gold, Commodities, Midas du Metropole Topic du Jour, October 22 Is the Stage Being Set for a Gold Bailout of Bullion Banks? ... were a bunch of news stories the past several days..... Greenspan, Summers Want Protection for Banking System The Associated Press WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan and Treasury Secretary Lawrence Summers Friday urged Congress to act this year on legislation that would simplify the treatment of derivatives contracts in the event of the bankruptcy of a major financial company. In a letter sent to House Speaker Dennis Hastert and Senate Majority Leader Trent Lott..... "a rare opportunity for the government to take an important tangible step to mitigate systemic risk and improve the integrity of our financial system," they said. Derivatives are investments whose values..... "It is important that we not miss this opportunity." Greenspan and Summers said. END. Many Café members have queried as to what the end game might be for the bullion bank shorts and the for those that have lent out more than 10,000 tonnes of gold..... It is the opinion of some of us in the GATA camp that..... ... we must ask why is it so important that this bill be passed before the election? What urgency is out there to have a push for this bill at this point in time? I could not help but note that..... ... if that were the case, the US government must have..... ... in essence, they would have a government guarantee for the borrowed gold short positions..... ... we will do so... How bad is this?