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

To: d:oug who wrote (68230)	4/24/2001 8:39:51 PM
From: d:oug	Respond to of 116764

... gold production is expected to decline by more than 20 percent in 2001. By Jon Dougherty © 2001 WorldNetDaily.com worldnetdaily.com Last Friday, the Zimbabwean government said it was reintroducing a subsidy to support the price of gold mined in the country. Officials said the policy was reinstated due to an expected decline in gold production over the next year. Government analysts say gold production is expected to decline by more than 20 percent in 2001. The Zimbabwe central bank will.....

To: d:oug who wrote (68230)	4/24/2001 11:15:39 PM
From: Tom M	Respond to of 116764

makes you wonder why some frequent daytime posters here seem to post filler to move such posts along in the recent months... hmmm... this thread was posting pretty slowly previously on the same kind of "no-news" situations...

To: d:oug who wrote (68230)	4/24/2001 11:25:21 PM
From: Crimson Ghost	Respond to of 116764

Gold is not the only thing the boys are manipulating according to THE CONTRARY INVESTOR. The Old Cut And Run...As you know, we last published just prior to the Fed Funds sneak attack last Wednesday. It's clearly old news, but we just can't help making a few comments. Thanks in advance for indulging us in a little venting. Rate cut needed? Yes, although ultimate effect is still in question. Making the actual cut is not our gripe. Sending mixed signals by having the Fed governors recently talk up the "second half recovery is on track" mantra, all the while plotting the "unexpected" rate decrease? Naw. What else would you have expected from this group? Pulling what has been termed a "Trader Bob (Rubin)" move by throwing gasoline on what had already begun as a speculative semi-open fire with the techs running? No. Our distaste for what happened last week has nothing to do with the act of cutting rates at all. The rate cut was an inevitability. Our sincere professional disappointment lies completely in the timing. Without sounding like soapbox maniacs, the rate cut last week was what we would characterize as one of the most blatant manipulative acts of the Greenspan Fed tenure. You know the first. It was the rate cut about 45 minutes before what was next day market open options expiration during the whole LTCM period. So this time, the boys actually cut about 13 trading hours before options expiration. Clearly this was major disruption to the options and derivatives players. Many call sellers, put buyers and shorts were severely burned in about 5 minutes time. Couldn't the Fed have cut rates a week earlier or waited until this week? Would it really have been that hard to wait another 14 trading hours before making an announcement as significant as this? Would the economic world as we know it have come to an end during that time? Of course not. If nothing else, the timing by the Fed smacks of manipulation, inside trading, rigged game and complete impropriety. A very sorry commentary on modern Fed decision making and execution in what is supposedly surmised to be a "free market" system. Free, indeed. Despite what clearly appears to be gamesmanship in the timing, bursting financial and economic bubbles of historical significance do not change course on a dime for surprise rate cuts.