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To: calgarylady who wrote (1091)10/17/2007 6:56:15 AM
From: koan  Read Replies (2) | Respond to of 23102
 
I sort of have a phantom memory of something I read years ago saying the feds do this from time to time. It is a lot cheaper and easier to control gold prices than currency or bond prices.

And if gold is calm it calms the markets. I am not a conspiracy type guy, but this sort of manipulation would seem normal to most in Washington and Wallstreet.

Reading the history of 1929, all sorts of tricks were tried to calm the markets, including the government and guys like J.P. Morgan getting involved.