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

To: Crimson Ghost who wrote (62221)	12/25/2000 10:56:13 AM
From: Zardoz	Read Replies (2) \| Respond to of 116757

The CB pushed it above $170 years ago. Whose to say that $300 is fair? Maybe $120 is fair price for gold, and it's been artificially held about that price for years. In all my time I've seen no reasonable price affixed to GOLD; nor can one be attached. Yet I've seen many a speculative price affixed. Gold has always been manipulated upwards. Hutch

To: Crimson Ghost who wrote (62221)	12/25/2000 11:22:19 AM
From: Rarebird	Read Replies (2) \| Respond to of 116757

<Might it have something to do with the wish to ensure enormous profits for their bullion banks friends.> Welcome to Capitalism in the 21st Century. The decisive question, of course, is why do some CB's find it necessary to sell their gold reserves and lease gold? "The Times have been a Changin," (Bob Dylan). If a single Catholic woman who is pregnant goes to a priest and asks if she should have an abortion, the answer she will most likely receive is No. She is not really asking for a choice here, but further confirmation of her values. GATA is wasting its time here and is very naive. Why should the Courts rule in favor of GATA? The Courts in this country primarily rule on behalf of economic self-interest and self-preservation. Think about that. Right vs Wrong is a secondary consideration. PS Still, there is some nice upside to Gold here. Just don't expect it to hold long term unless the dollar truly goes into free fall. Morality can become a Drug like Heroine if you take it too seriously. An excessive Moral position can create blinders.

To: Crimson Ghost who wrote (62221)	12/25/2000 4:51:26 PM
From: long-gone	Respond to of 116757

<<The world survived quite nicely for many years with gold above $300. Why the need for the CBs to push it below $300 of late. Might it have something to do with the wish to ensure enormous profits for their bullion banks friends. >> IMHO there are lots of reasons, there were the borrowers of bullion - gold loans & carry trade. They didn't want competition from gold for the new Euro. The hatred from the environmental & extremist women's lobby for mining.