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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (16643)	12/22/2002 7:35:07 AM
From: sea_urchin	Read Replies (1) \| Respond to of 82010

On subsequent reading of the last quoted article I came upon these passages which are relevant. groups.yahoo.com >>>....following the Rand raid it was announced that bullion bank Deutsche Bank had arranged a R700 million facility for Avgold to enable the company to complete its Target mine in the Free State. Of course the condition for the loan was that Avgold immediately sell forward up to 75 percent of the first five years of production. Soon after, rumours circulated that Harmony Gold would in turn be forced by fellow bullion bank J.P. Morgan to agree to purchase put options on 1.0 million gold ounces to finance the billion-Rand purchase of Elandsrand and Deelkraal from Anglogold. This could require the sale of a further 30 tons of gold. The two transactions could together dump up to 75 tons of gold onto the market. (For what it's worth, I am an Avgold shareholder and I have no doubt that Anglo, a big indirect shareholder in Avgold, arranged the transaction) Market talk has it that Anglogold and Canadian gold producer Barrick Gold are together preparing a joint takeover of unhedged producer Gold Fields. The forward sales policies of excessive hedgers like Barrick and Anglogold have assisted the gold cartel in their price manipulation. If successful, would Barrick and Anglogold force Gold Fields to hedge their production, or is this simply a cheap way for Barrick and Anglogold to reduce their hedging exposure? <<< Clearly, Anglogold is in bed with Barrick and was, indeed, Barrick's "partner-in-crime", certainly as far as forward selling was concerned. It is also clearly in bed with the bullion banks. In fact, only a few months ago there were strong rumors that Barrick was going to do a deal with Anglo American (Anglogold's parent) to buy Anglogold. Seems to me that Anglogold could be lucky that it, too, is not being sued by Blanchard. The point which many observers do not seem to grasp (including long-gone and Bill Murphy) is that Anglo American has the ANC (the SA government) by the tail (or is it the nose). In fact, the ANC owes is position today to covert deals which Anglo made "behind the curtain". No-one should forget that the term "South Africa Inc" refers to Anglo, even today under the ANC, as it has for the past 50 years.

To: sea_urchin who wrote (16643)	12/22/2002 11:55:52 AM
From: long-gone	Respond to of 82010

<<So, after all this, do you still seriously believe there is anything more anyone can do to get the message across?>> I don't know, but I am going to try to get some part of some government to listen & change things & I hope someone somewhere also tries. If everyone who cares about this issue puts out a bit of effort & we all fail then we know either there is no evidence or every government contacted is fully corrupted. Just gaining this bit of knowledge seems worth the effort of a few phone calls(even if they be long distance) & letters. Perhaps the "massive conspiracy" isn't massive, rather there might be some or even lots of smaller conspiracies.