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

To: Bobby Yellin who wrote (13329)	6/17/1998 1:58:00 PM
From: Henry Volquardsen	Read Replies (1) \| Respond to of 116857

What the Treasury did a few years ago was shorten the maturity of its borrowings. You can call this manipulation if you wish but by shortening maturities they have saved US taxpayers a significant amount of money. I was very critical of this shortening when it took place but it is one of the smartest things this the Administration has done. And believe me, it is painful for me to say anything nice about the Clinton Administration.

To: Bobby Yellin who wrote (13329)	6/17/1998 11:33:00 PM
From: JUNIORSPECULATOR	Read Replies (1) \| Respond to of 116857

Hello Bobby: How are ya doin? I thought this article was quit interesting for those who might not have had a chance to read it. When did the US Government and Central Reserve Bank ever do anything that was not in their self-interest. As it was once said: "For he who holds the gold, holds the power." Good Dayyyyyyyyy Ronald -------------------------------------------------------------------------------- WHO IS BUYING ALL THE GOLD THAT HAS BEEN SOLD IN THE PAST THREE YEARS ???? -------------------------------------------------------------------------------- With the continual drop in the price of gold the question as to WHO IS BUYING ALL THE GOLD has to be raised yet again, I would like you to consider the following hypothesis: IT WOULD APPEAR THAT THE MOST OBVIOUS PLACE IS WHERE NOBODY IS LOOKING ~ THAT IS THE U.S. OF A You may think that the U.S. GOVERNMENT condemns gold at every opportunity, however that in fact may be a plan to manipulate the world's perception in order to cloak their real intentions (and keep money pouring into U.S. Treasuries) which is to lower the Price of Gold so that they (USG) can buy it up at bargain basement prices. THE U.S. FED + BANK OF ENGLAND AND THE UBS Let us assume that the U.S. Government has a secret objective to grab as much of the world's Gold as they can at the lowest possible price. The first task would be do push gold to the lowest price which would require the use of derivatives/ to draw in the producers and commercial users to get the Short sales ball under way which would in turn bring in the speculators and encourage short sellers. As soon as technical analysis says a GOLD bottom is near, bring in Euro gold sales and any other stories for a scare... AND WHEN YET ANOTHER GOLD BOTTOM IS DECLARED BRING ON THE SWISS... However for there to be a modicum of belief in the Swiss Claims to be selling gold, referenda aside, (a bit Like Warren Buffet announcing last July he was planning to buy and hold Silver) there must be a reason that could be believed. ~ The Nazi Gold Saga ~ , why has it taken so long for payments to be considered I was told about the Swiss and their Nazi Gold dealings in 1966 by a Swiss who did give me the name of a book written by a Swiss on the subject ( the name long since forgotten) when I lived in Switzerland. On re-reading Japan between a Rock and a Hard Spot ORACLE (14 July 1997), it made me think that somebody in the U.S. Government must also have read this ~ since then the price of Gold has fallen even faster - remember, the longer the price is kept low the more gold can be bought by the U.S. (and others in cahoots). See following URL: (http://www.gold-eagle.com/gold_digest/oracle714.html ) If you will accept the above for a moment, the Swiss would make a lot of money (GOLD) for their part, and the further the price of GOLD drops and the longer it goes on the more they make. Any further comments on GOLD bottoms and it should get easier with gold holders having burnt fingers/wallets - Drag out the Swiss Gold sales once again. Ever wonder why the Swiss appear to be more cooperative with the U.S. Government with regard to banking secrecy laws of late? Why the bank of England involvement? For large transactions to go unnoticed the loco LBM would be used for purchases executed by the UBS. What are the benefits to the U.S. Government? They need some form of Insurance The binge of dollar creation will not go on forever - the 15 trillion US$ debt (please ignore the U.S. debt to the penny site). Insurance in the form of much greater Gold holdings would give the U.S. Government more control over the Gold price - something they would hate to relinquish. There will be a time when the US$ will not be the major reserve currency of the world and that may not be too far away. I do not think Asia will want to go through its current problems yet again without using hindsight to try and avoid a repetition of their current debacle - and therefore, they will see the advantages of holding gold rather than U.S. ~ IOU's. Once the US$ is no longer the major reserve currency the problem of servicing U.S. Debt will really begin and require high interest rates. (look what happened to the œ sterling) The U.S. probably does not like the thought that Europe at least officially owns more GOLD than the U.S.A. And would like to redress the balance in its own favor. By vastly increasing U.S. Gold reserves at current low prices they will still have hard assets and be able to do " deals." This hypothesis removes the question of WHO is buying gold, but adds a new question if it is the U.S. of A buying GOLD. Anyone care to speculate on how much they could have bought .....? Chris Osborne 18 June 1998 -------------------------------------------------------------------------------- Also by Chris Osborne -------------------------------------------------------------------------------- Back to Editorials ÿÿÿÿÿ Copyrightÿ cÿ 1997 & 1998ÿ vronskyÿ andÿ westerman ÿÿÿÿÿ

To: Bobby Yellin who wrote (13329)	6/18/1998 12:33:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 116857

There is no problem with increasing the float of long term bonds. There is no problem with decreasing them. I sense the Treasury wants to keep the quantity down because the interest can be bothersome and can turn into a political hot potato. We just disagree about Rubin manipulating the supply. There is no reason for him to try that and the rest of the department would flip if he suggested it. The press would be all over him. Clinton would accelerate his retirement. What benefit accrues from that effort? By the way both the short and long bonds have about the same yield. That indicates that the market thinks there is zero inflation even though there is a huge premium on the well-known US propensity to inflate.