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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: kc gold who wrote (49427)	9/23/2007 1:53:59 PM
From: loantech	Respond to of 78416

Shoot out at the OK Corral 21st Century. May the best shooters win!

To: kc gold who wrote (49427)	9/23/2007 2:34:03 PM
From: E. Charters	Read Replies (1) \| Respond to of 78416

Well if they are suing for 5 billlion, they desperately want to shut Murphy up. The no doubt participated big time in the whole two tier sell forward gold concept that effectively shorted gold for years. How that is being bullish I am not sure. Of course they had to sell the gold forward if they bought it, so they had to have bullish clients. The olde we won't holde itte, no effin way school of stock selling ethics. I had thot Murphy and Gata were sort of a Sideshow Bob affair these days, and did not have snowball's chance in the furnace of hell for bring anyone to task for the massive gold price dive of the nineties. I always held it was engineered on purpose or as an artifact of the common practice of financing gold enterprise by selling gold forward. The sale had to be bought by someone who had the cash and this was rigged by people who borrowed gold, sold it and bought forward gold once again, protected by two factors, the sure fire delivery of a producer, and the inevitable falling price of gold ensuring the seller/buyers ability to deliver if the mine could not and his profitability if he bought short instruments or calls out of the money for payback of the gold loan. either way he was covered so it was a fairly safe business as long as gold was falling in price. And with all those gold sales and shorts how could it fail to? A devilish financial scheme. I wonder who thought it up. Whoever did it, it had the enthusiastic co-operation of all kinds of central banks who made meagre but steady returns loaning all that gold out, which otherwise would have been "safe but dead money" in their vaults. Sounds like a financial collusion of the grandest proportions cooked up amongst oodles of central bankers, politicians, brokers and other finance movers and shakers. Not to mention a few producers (Barrick) who benefited by easy deals with forward sale mavens like Deutsche Bank, Goldman Sachs and JP Morgan. It is interesting that the biggest player in forward sales, Barrick Gold made the most money in their history at the time when gold was at its lowest price in constant dollars in history. 1998. This was only possible because of their very special forward sale deal with JP Morgan. Was this activity responsible for the drop in gold prices? And if so was it an intentional means of holding gold's price down to profit in this way? One thing is certain, it could not go on forever. It also made certain connected companies uniquely capable of financing mines at firesale prices of the yellow metal when their competitors without these sweet agreements could not install gumball machines in their lobby to make a red cent. In that selling forward and derivative instruments made oodles of bucks when their underlying product was practically being given away, we would have to say could be true that the depression in prices was "engineered". In that the drastic drop in price happened during this widely spread practice of borrowing selling and buying, and there was profit in it only if gold continued to fall in price, it looks suspiciously like a prediction that was at least self-fulfilling. The best kind of cartel is the informal one where everybody makes money without any agreements as long as they play according to the unwritten rules. EC<:-}

To: kc gold who wrote (49427)	9/23/2007 3:34:25 PM
From: russet	Read Replies (2) \| Respond to of 78416

GOLDMAN SACHS FILES MASSIVE DEFAMATION LAWSUIT By Peter Z. Parody Financial Freedom Wire Service From Wikipedia In contemporary usage, a parody (or lampoon) is a work that imitates another work in order to ridicule, ironically comment on, or poke some affectionate fun at the work itself, the subject of the work, the author or fictional voice of the parody, or another subject. As literary theorist Linda Hutcheon (2000: 7) puts it, "parody...is imitation with a critical difference, not always at the expense of the parodied text." Another critic, Simon Dentith (2000: 9), defines parody as "any cultural practice which provides a relatively polemical allusive imitation of another cultural production or practice." Parody exists in all art media, including literature, music, and cinema. Cultural movements can also be parodied. Light, playful parodies are sometimes colloquially referred to as spoofs. The act of such a parody is often called lampooning.