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

To: Omnichrome who wrote (4893)	12/29/1997 2:09:00 PM
From: JD	Read Replies (1) \| Respond to of 116759

Interesting articles on LBMA. Thanks for the link. ( gold-eagle.com ) I obviously don't have nearly enough knowledge at this point to either agree or disagree with the conspiracy theories put forth BUT these articles do lead to some thoughts. IF true and POG is completely manipulated by the Fed, LBMA, etc. then it would indicate that there should be absolutely no fears that gold will fall to the sub $100/oz level some people have suggested. There's no long term return in doing so for those that control the price. They make their money on the price going up and down over and over. SO it follows that even if we see short term price drops as the players continue the game, over the longer term there is bound to be an equally strong upturn into the next 'cycle'. Again, the game wouldn't be viable over the long term if they only lowered the price. One strategy that might be considered would be to shift the analysis of the causes of historical cycles from what we thought they were to a different set of criteria (albeit much more difficult to predict) based on the motivations of the 'key' players (FRB call option strategy, etc.) THE CHALLENGE FOR THE LITTLE PEOPLE WILL BE DEVELOP SOME PREDICTABLE MODEL BASED ON WHAT'S IMPORTANT TO THE MANIPULATORS AND THEN RIDE THE WAVES. Sort of using a semi-contrarian approach to the mass market ... because they are just being set up by the big players... and waiting for the hammer to fall approach. Anyway, lots there to read and think about. Thanks again for another piece of the puzzle. JD