Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: goldsheet who wrote (68054)	4/21/2001 3:32:56 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 116759

Bob, Maybe you should check out a long term graph of the COMEX stocks on gold and silver sometime. Then keep in mind the amount of dumping thats been going on and ask yourself why the inventory is going down so fast. The price is steady until the inventory gets so low that it forces loans to be called in. That is just starting to happen as with the banks in India. You can be sure that Argentina Japan and many other loans are in trouble here. It hasnt exploded yet because the Fed has dumped massive amounts of dollars into the market. The dollar dumping will not be effective in stalling the bank defaults because the debt is too high. Most of the money that was made in this last surge in the stock market was made by the banks that knew it was coming. They took the money from all the little guys that were forced to sell into tax season. So its all being done with mirrors at the present time. Soon reality will become more clear to everyone. M.

To: goldsheet who wrote (68054)	4/21/2001 4:27:15 PM
From: marek_wojna	Read Replies (3) \| Respond to of 116759

<<If the bulls are running, they might be running to the coin store to cash in their bullion <g>> Or they will act like the tellers in the bank <<While I was at the bank, the manager of the gold counter tellers asked what my desired little barrels of coins were for, I said "for hiding in my central bank". He then tried to talk me into looking at their mutual fund prospectus. He made the point that gold is dead money. I said I didn't want a portion of my money to be alive. He soon discovered I really wanted the gold On the plus side, I note that as the teller were arranging the stacks of 5 coin sets, her hands were fondling the heavy pieces and eyes were shiny with excitement. The manager also broke into a smile helping her lining up dead. Yup, the magic is still strong, without the aid of magicians. Chugs, Jay>> This is taken from another thread, posted yesterday. Bob, governments of the gold selling nations should name you as the model citizen, since you are such a promoter of gold as nothing more than jewelry. Trust your democratically elected government." None of us here is to serve and think for himself, we are here to serve only the people who elected us." Bob, please start to think about darker side of human being, because IMO soon you'll have the chance to see it and is better to be prepared for. Basic instincts always take over in the times of doubts, and once the belief in paper is uncertain the stampede to gold begins. And is coming soon. BTW, could you please give me your opinion re: companies with big hedge books if the gold spikes suddenly to $600 and have growing trend. Take it as an option impossible in your eyes but option is an option, and who will benefit most from scenario. Please do me this favour. Regards, Marek

To: goldsheet who wrote (68054)	4/21/2001 8:17:48 PM
From: long-gone	Respond to of 116759

James Turk of The Freemarket Gold & Money Report has served startling commentary at The Matisse Table entitled, "Behind Closed Doors." "A few weeks ago Reg Howe contacted me and asked my view on something he had discovered. He wanted a second opinion on this discovery, just like I contacted him for a second opinion after I came across the Federal Reserve reports showing the ESF’s gold related activity." "It’s an interesting proposition, and one that fits well with another newly discovered fact. Some very interesting sleuthing by Mike Bolser, who has been assisting Reg Howe in his lawsuit against the BIS, has revealed that the Treasury has made a small but very significant accounting change. Mike noticed that the Treasury Department has changed the designation of nearly 1700 tonnes of inventoried gold at the US Mint’s facility in West Point, New York (approximately 21% of the total US Gold Reserve) from "Gold Bullion Reserve" to "Custodial Gold". "We now know what has happened. The Bundesbank has loaned 1,700 tonnes, one-half of its 3,400 tonnes reserve; the other 1,700 tonnes were swapped for gold in the US reserves, requiring the change in the West Point vault from Gold Bullion Reserve to Custodial Gold. In other words, the Bundesbank’s vault is empty because one-half of their gold is stored in West Point not Europe, and the other half has been loaned out." An outstanding effort by James and one that he will present to the attendees at the GATA African Gold Summit in Durban on May 10. James Turk has tied up the loose ends. It all fits together now as the GATA camp has collectively come up with all the evidence needed to expose a scandal much bigger than Watergate. Bigger because of what is has done to the economies of sub-Saharan Africa and the U.S. principles of advocating free markets; the bypassing the will of the U.S. Congress and the American people; exposing the less than truthful statements by Alan Greenspan and Treasury officials to members of Congress and citizens all over the world; and the hypocrisy of the Clinton Administration in lobbying for IMF gold sales to help the poor when all they really wanted was physical gold supply for their gold scheme. This scandal is as big as it gets and it is finally being exposed. How happy do you think the African gold producing countries are going to be when they learn the facts? How about the Germans? It is conceivable that all their gold is gone. If they ask the U.S. to swap back the West Point gold, we just might say sorry; that we cannot do so because we need the gold to bailout JP Morgan/Chase and Goldman Sachs. Possession is 9/10 of the law. This Turk analysis also gives tremendous credibility to Frank Veneroso's gold loan numbers that are double to triple those of the industry accepted GFMS number of 5,000 tonnes. We now know where some of that extra 5,000 to 10,000 tonnes has come from. The ramifications of what we have here are staggering. More later, but this report by James Turk should be sent immediately to every gold producer, U.S. Congressman and White House news correspondent. New Treasury Secretary O'Neill should be asked point blank about the Howe/Turk/GATA discoveries and allegations. It should also be sent to the German press and to the opposition party in Germany. And, to the press of all gold producing nations. Bill Murphy