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

To: yard_man who wrote (3374)	11/21/1997 6:01:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116836

I'm saying the price of gold would have gone up because of what happened to stocks but for the announcment--and similar statements. I believe what we've been hearing about gold and CB's is part a "new paradigm" of thinking, part the need for cash... and, yes, part a deliberate interest in keeping gold prices depressed to 1) ensure the flow of money into other assets, and 2) maintain confidence. Barry, during the depression trading gold was outlawed. For decades it was artifically valued at $35 and then subsequently traded at $280, then $800 when market forces controlled. There's nothing far-fetched about govt'ds manipulatign the price of gold and in fact it is precisely those types of situation that create opportunities for the speculator--like gold at $35. But--OK--you're right I may be reaching with the Swiss announcemen given that it was internal commission just doing its job, etc.