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To: Eric Freeman who wrote (6886)	1/28/1998 2:23:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116764

Eric and all, again the suit is itself manipulation. It doesn't get more blatant that this. And we should take this as the mark of desperation that it is. The shorts aren't alone hear. The money the shorts lost is peanuts. Our own U.S. govt is definitely playing some role in this, though will not want to be viewed in that role. As best as I can tell from the article--which only summarizes the complaint--the defendants are being sued for hoarding. Which considering that gold and silver are traditional money, should surprise no one. Republic is, after all, a bank. Call me crazy but I think banks should have stuff of real value in their vaults. And they should be able to move it anywhere they want, the same way trillions of paper dollars are moved everywhere everyday. The only objective piece of evidence relied on this that gold and silver are moving in opposite directions. I wonder whether it will occur to the judge or defednnts that it's gold, not silver, that represents the anamoly. Gold and oil are currently trading at the same nominal dollar levels they did 20 years ago. That's true of ABSOLUTELY NOTHING ELSE, but these most political of commodities. The govt and central banks know very well that it's precisely physical hoarding that will inject a healthy does of free market reality to the markets they themsleves have manipulated. Time is running out.

To: Eric Freeman who wrote (6886)	1/28/1998 2:41:00 PM
From: PaulM	Read Replies (1) \| Respond to of 116764

P.S. No private entity can manipulate any globally traded commodity. Only our govt(s)--which by virtue of taxes control a third to a half of our country's resources--can do that.

To: Eric Freeman who wrote (6886)	1/29/1998 9:30:00 AM
From: Bill Grant	Respond to of 116764

Eric, A later report on the lawsuit. kitcomm.com I agree with your comments, especially the general point that one should be able to due with one's "stuff" whatever one wants. But if collusion to manipulate prices can be PROVED, that is a whole other story. I am reluctant to dismiss that aspect out of hand, because of some of the players being mentioned. Phibro is the commodity trading arm of Saloman, Smith Barney. You may recall that Salomon Bros. ran into trouble several years ago for certain irregularities in its Government securities operation. If I can find a link, I'll post a follow-up. Bill PS Found one quick link: www1.elsevier.com