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

To: goldsheet who wrote (80678)	1/11/2002 2:51:33 PM
From: long-gone	Read Replies (1) \| Respond to of 116753

Here's one you'll simply love Bob(ain't the title great?): Forbes Paranoids with enemies? Peter Brimelow, Forbes Global, 01.21.02 Is the price of gold being manipulated? Sometime toward the end of the Battle of the Atlantic, notes John Hathaway of Tocqueville Asset Management in New York, U-boat captains suspected that the Allies had broken the German Navy's secret code. They thought this because of the eerie way in which, when they surfaced to radio their position home, warplanes promptly arrived to drop depth charges on them. But the High Command dismissed the idea as crazy. Just a little more lateral thinking might have brought them to the truth: The Allies had in fact been reading all Axis codes since the beginning of the war. Hathaway is perhaps the most respectable Wall Street convert to another apparently crazy idea: that the gold market is being managed. Goldbugs, notoriously obsessive, have been muttering this for some time as the price of the metal has fallen to inflation-adjusted levels not seen since 1971. A Delaware corporation called the Gold Anti-Trust Action Committee (www.GATA.org) has retained Berger & Montague, Philadelphia antitrust lawyers, to act against the financial institutions, bullion dealers and investment banks it considers responsible. Similarly, Reginald Howe, the proprietor of the investment website Goldensextant.com and a lawyer, is suing the Bank for International Settlements, as well as Alan Greenspan, the chairman of the U.S. Federal Reserve, and financial institutions for colluding to suppress the price of gold. Hathaway says that what got his attention was trading action at New York's COMEX on June 27. Gold had been rising on the growing perception that the authorities were panicking in the face of gathering recession. Suddenly, a massive unidentified seller broke the gold rally. A few minutes later the Fed announced one in its series of cuts in the interest rate, which normally would have sent gold soaring. But in the thin gold market, Hathaway explains, carefully timed interventions can have long-lasting reverberations. Gold continued to slump. "It sent the message 'Gold tanks-t-he authorities are in control!'" says Hathaway. Not for the first time. But for him, this was one depth charge too many. "Governments try to manage exchange rates and interest rates," he asks. "Why not gold?" In fact, as recently as the mid-1960s, central banks quite openly managed the gold price, through the so-called London Gold Pool. The effort failed when the inflation of the 1960s made the demand for gold uncontainable. In back of Hathaway's question is an even more ominous possibility. Has the recent unprecedented appreciation of U.S. financial assets simply been a great credit bubble--which the authorities are struggling desperately to control through such measures as a repressed gold price? He thinks so. "The price of gold in perpetual checkmate became a central motif in the mythology of the new economic paradigm," he writes in an essay on his company's website (www.tocqueville.com). He says that a "bipartisan consensus" believes a strong U.S. dollar is necessary to attract foreign finance, and weak gold makes the dollar look better. Peter L. Bernstein, an economist and author (most recently of The Power of Gold, which notes the metal's lost oomph), discounts talk of a conspiracy. "The world's a big place, and there are big market forces at work," he says. "Gold is like a bond that doesn't have a maturity." However, he suspects, a snugger supply after Sept. 11 and demand for jewelry will lift the price, which lately has lagged below $280 an ounce. Just wait until the jig is up, says Hathaway. "Eventually, gold will be a multiple of its current price," he says calmly. "$2,500--maybe $5,000." Additional reporting: Rob Wherry. forbes.com

To: goldsheet who wrote (80678)	1/11/2002 9:09:18 PM
From: d:oug	Read Replies (1) \| Respond to of 116753

Needed for Bob Johnson, Opposite Belated Get-Well Card :o) Bob, Its that "not if, but when" when those many many, and probably all, folks here including this gata nut d:oug will prepare for what will be a not nice recovery period that you will force yourself to enter and endure, which will at an extreme cause you to shut-down your web site mentioned below, as you pout and ponder while you mentally pound your brain against hard objects imagined with your too controled imagination, else see the Light of TruTh. or Unlike being on the wrong side of good v evil battle as a good person, you Bob think yourself on the side-line at best, and at worst being like on the neutral side-line at the 50 yard football line with one foot on each side, Edit: Note, one foot each on good side and the bad side, not standing on one side with a food below and above the 50, but one foot on the 50 yard point on each side. [end Edit] meaning to me that your private parts are stretched hanging exposed as you straddle the playing/battle field with one foot on each side as if you are neutral and deserve no defensive or offensive contact in the game. Yes Bob, as you have observed about yourself from day 1 or post 1 on this GPM thread, you seem to get it from both sides as you try not to take sides. So, in respect to your request for me to keep this short i will now not continue with any details for the above and simple say that those folks here who like and respect you in huge amounts will soon wish they sent before it too late a card wishing you a recovery of your situation where you placed your private parts in what you saw as a quiet safety zone, but in fact as you have experienced without end, you get it from both sides, and yes i do admit it is hard for you to conside me in the good side, as in its hard to know if i am good in the bad side, or a bad in the good side :o) or best if you takes sides Bob, or if not, conside this my Belated Get-Well Card from me to you, and also as a hint to those all who wish you well to consider that a Get-Well Card from them to you is a correct thing to do Edit: a Pre-Sickness Observed Get-Well Card [end Edit] even thought your symptoms are not well enough defined for them to realize that in a way you do need their help to "help you stop hurting yourself" and yes even those who care not for you the person, they should do it for the health of your web site, if they use it, else, as you go, so does your web site. (off topic) I thought your web site also included coins, as in that punny name, remember? (Niches Topics) :o) Forbes Favorites Home>Magazines>Best of the Web>BOW Directory>Investing>Niches Goldsheet - goldsheetlinks.com Investors looking for no-nonsense information on gold and precious metals will enjoy this comprehensive list of links to other unaffiliated Web sites. Categories include... BEST: Links to helpful data, like Historical Metal Prcies and Gold Production History. WORST: Little news. [end] More Edit: (sorry) 1. Note i didn't include an eXtra to above for a punny. 2. The play field side - bad ----------------- Bob's foot ................... private parts ........... Bob's other foot side - good-----------------