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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: d:oug who wrote (1938)	8/27/2001 8:04:01 AM
From: russwinter	Read Replies (1) \| Respond to of 4051

I'm sure you caught this latest classic read from John Hathaway. It's interesting to see that he clearly supports much of the GATA view now. Early on he was a critic of Bill Murphy. At a minimum he wants real accountability and answers from the Fed. At this point, I don't see how objective, thinking observers couldn't have deep suspicions about the "great lean" on gold. tocqueville.com This is his key point: The mispricing of any commodity leads to a shortage or a surplus depending on whether it has been overpriced or underpriced relative to its clearing price in a free market. Investment capital is no less a commodity than soybeans, milk, or natural gas. The systematic underpricing of investment capital achieved by: o the manipulation of the gold price, o the debasement of inflation measuring statistics issued by the Bureau of Labor Statistics*. Much about this has been written including Grant’s Interest Rate Observer and the Richebacher Letter. o the shrinkage of supply of 30 year treasuries, o and the use of derivative instruments In otherwords my "far from equilibrium" theory, an explosive situation.