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

To: Crimson Ghost who wrote (62516)	1/6/2001 11:28:19 AM
From: russwinter	Respond to of 116764

Yes exactly. I used to think it was mostly duplicity and stupidity on the part of the lessors. Probably it once was, but recent gold market action (eerie quiet)overwhelming suggest an active and overt manipulation and intervention to in effect save (subsidize is too kind of a word for this) their borrowers from the folly that the lessors help create. After all if the dealers fail, how do the Treasuries get their gold back? The problem that the US, UK, IMF have is that all the players have to stick together. If one of the links pulls out of the arrangement, the cookie crumbles. Stay in get screwed, get out somehow, save your Treasury. Game of chicken if you ask me. The second problem that is now different from the 98 Asia crisis, IS THAT THE MAIN FINANCIAL FRACTURE IS NOW IN THE USA, the interventionist of last resort. Instead of a Indonesian or Thai currency crisis we are facing a US Dollar one, and that's a totally different weather pattern, the "perfect storm".