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To: Jack of All Trades who wrote (99794)	5/7/2001 1:00:19 PM
From: pater tenebrarum	Respond to of 436258

no, i don't think so...i believe there was merely a timing coincidence, i.e. when the Mexican bail-out was discussed at the FOMC, they happened to mention the gold swaps in passing. it makes a lot of sense though that the gold swaps were possibly used to help bail out problematic gold lending books at the bullion banksters. the BuBa merely seems to have done them a favor, probably due to the fact that Deutsche Bank also has vast gold positions...in fact the gold-related derivatives positions at the big bullion banksters are enormous compared to the size of the physical market. it has all the hallmarks of a powder keg.