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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (2572)	5/9/2002 9:26:45 AM
From: nickel61	Respond to of 3558

Gata is simply a source of information for those of us that think that US/UK government monetary manipulation is behind the bubble in the stock market and the decline in gold over the last seven years. I owned a mutual fund family of value investor no load mutual funds during the eighties and ninties and when the dot.com craze forced me to sell the fund family to a larger firm, I spent about three years researching what was causing the stock market bubble and how it was being sustained in spite of no real economic valuation basis. The research trail led to a very strong US dollar and derivative manipulation of the spot markets in many commodities and financial instruments. I found that Murphey and Chris Powell, were providing a forum through their web site, www.lemetropolecafe.com that provided the ability to read the writings of some of the most knowledgable people who were publishing independent research in a lot of areas that effected the stock and bond markets. Having been a mutual fund manager for twenty years and an owner of a mutual fund family for ten, I was aware of many of the ways Wall Street worked and how the research was often designed not to help the clients but rather sell investment banking product. The insights I have gained from the various other thinkers on www.lemetropolecafe.com helped me find the answers to some otherwise unanserable questions. Such as why did the LBMA trade such unbelievably large amounts of gold every day and where was it going? How could commodities that were in a deficit such as gold and silver continue to decline year after year even as production dried up? Why did the Washington Agreement happen in the first place? If gold was such an irrelevant part of the monetary system why have a special meeting to limit future sales? What is going on with the energy markets and why are they not trading normally? How do hundreds of companies with no earnings, no business franchise and in some cases no business plan raise billions and shoot their IPOs into the stratusphere? Well now many of the answers to these seemingly strange occurances are becoming public. Enron and the Arthur Anderson implosion have begun to show how and why it was done. NO longer are we still told it is a conspiracy theory to believe that someone might be manipulating the energy sales in California. Now we have the proof thanks to disgruntled ex Enron employees who provided the legal department memos that described it. Having been in the business both at a very large investment firm and in my own medium sized investment company I new where a lot of the bodies where buried and more importantly I knew personally many of the market movers having worked with them at one place or another. I know and have traveled to gold mine locations and exploration locations all over the world with most of the current US/UK and Canadian gold mining analysts, gold portfolio managers and many of the heads of the gold mining companies and I knew what they were capable of and what they were not. Many of the analysts are totally clueless, some of the gold portfolio managers were as well, many were not. The mining executives were a very mixed bunch. But what was firing my search was a desire to understand what had inflated the stock markets and bond markets to such unheard of levels over the last ten years. Knowing many of the players from my days in business school I was well aware that more than a few of them were very well connected to the political power in Washington, and that there was not necessarily as stringent a regulatory force in the market as there should be if you were connected to the right groups. My suspicion of some firms such as Goldman Sachs came from having seen behind their smiling front a ruthlesss and corrupt organization that was capable of anything if it served their intersts. I had been stung by them frequently over the years. The same is true of Drexel in their days. Morgan Stanley , Carlys Group, Nesbitt Burns, our various friends in Vancouver, and most of the others implicated in these current market manipulations. Now much of what I knew is common knowledge, frankly some of it is much worse and more blatant than I suspected, but to answer your question, Am I being fed by GATA, no. I read many different sources and post those I feel will draw attention to what I feel is going on. I consider my many year subscription to Le Metropole Cafe web site as a contribution to what GATA is trying to accomplish and I am proud of that but I have never directly contributed, but probably I should based on what I feel is happening and how strongly they are working trying to expose it. So I hope that answers your question. I think that GATA is correct and I applaud their heroic efforts. Are they feeding me anything? Of course not. Why would they bother? I post here to try and reach an audience and provide new information from a perspective that is under represented from Barrick and some of the others on this thread. Does that answer your question?