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

To: Zardoz who wrote (69827)	5/21/2001 1:51:46 PM
From: E. Charters	Read Replies (2) \| Respond to of 116753

Hutch. It seems I touched a nerve. or Things aren't always what they seem. I have to stand on my own. Despite that in what I knew was an ungrateful world I have made my contribution which I knew the effect of beforehand in many cases. I did not know if people would take the advice. Many years later in many cases I realize they did and my predictions have come true, and in many cases they have profited immensely. I realized then that gratefulness was not the long suit of humanity and I realize it even better now. I am fairly sure I had a good hand in making one person 30 million from Bre-X but I never saw a dime from it. I am sure he thinks himself the sole author of his decisions. So do we all it seems. You are dependent for your information and education by contrast from your associations and those who will fill you in. If you had to engineer these connections on your own you would be lost. Your information for instance about such connections or gold's weaknesses is well known by others as well. It may not dismay you to know that I am well aware of these things and their remedy as well. Not so easy when you have to start from scratch in a vacuum. I knew from the start who engineered gold's decline. The Rothschilds. I knew it because they have a lot of mining interests and these interests contact people in Timmins (RDShell). When people in 1997 start to predict a decline in gold price to exact numbers, i.e 250 dollars and it is coming from London, you can be sure they have a hand in its destiny and will profit from it. The figure was suspicious as they say. There were several factors affecting their knowledge. One is that for 400 years they and like minded friends of theirs were the largest traders of gold in the world through the Bank of London. And two, the gold supply was unprecedented. Mr. Munk seemed well informed of his market and easily able to get contracts in forward gold. Did he have friends inside? If Barrick abandons its forward hedging it's really time to buy. Go to the head of the class on the supply thing and the br. Gold sales. To buy all this supply at steadily rising prices was not advantageous if the policy mavens would have them selling it at the same time from the vaults. Something had to give. Think of it. Gold was falling steadily in price but bankers sold gold. Not a smart market strategy to sell into a falling market that you have engineered is it? All sorts of stories about it was to finance loans to poorer countries. etc.. what utter political hogwash! Banks need to sell gold to make bad loans? Whew! When did this start? They were primarily lending it, but at those interest rates why not sell the loan? The two tier price system supported by derivatives and gold loans was a well thought out market. I thought at the time it was to launch and support the Euro that they sold gold. Gold may have had its recent rise because the interest rates of the instruments to sell gold in favour of, are not that good and will get ungooder as the economy tumbles. No matter what now, there will be upward pressure on gold. Many people are now riding the wave of the NASDAQ down and into penury. Many rode Bre-X down and Crystallex down. They were amply warned. They were told about the up and they were told of the danger of the down. It was somewhat breathtaking and spoke about the calumny of man more than the better chance fairly calculated. The dice were loaded as you knew. It may be that gold has had its run down and will now march up to reflect the actual (so far) non inflationary increase in the money supply. The money never disappears. It is still there. It will get put into other things and there will be inflation. Gold despite the most aggressive supply and sales will march up to reflect this. It did from 1929 to 1934 and it will again. I am not sure of its exact timing. I too fear that this latest run up is temporary but I will defer to your reading of tomorrows newspaper if you insist you have an edition. EC<:-} mailto:echarters@primus.ca