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

To: Bobby Yellin who wrote (5465)	1/9/1998 10:48:00 AM
From: Jim Ilchyshn	Read Replies (1) \| Respond to of 116958

If you stand back and look at the situation, you can really see what is at stake here for a lot of fat cat financial institutions. They really must keep the price of gold down. I watch the Bloomberg channel and see them post how the POG was down due to concerns over Central Bank selling. The graphic seems to be held on the screen much longer than others, same with 30 day gold chart - which shows a downward spiral. The networks have so much riding on continued interest in the markets, which does not include a market freefall and a rise in Gold. Think of all the sheep investors that get up every morning to see how their mutual funds are doing and to see how the market is doing. They turn to their favorate financial channel and are bombarded with ads that help pay the big bucks to the exec's at the TV networks. We all know that when markets start to do poorly, people lose interest. That means less viewership, less pay for the actors on the financial stations etc. Same with the newspapers...readership goes down when the markets aren't as exciting anymore with 30% yearly gains for the funds. These are the reasons why you won't see true unbiased reporting when reading the mainstream press' view of things. They have to do everything in their power to keep this market going. - Jim.