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


To: IngotWeTrust who wrote (20379)10/2/1998 7:15:00 AM
From: long-gone  Read Replies (1) | Respond to of 116788
 
All,
OK,.
Here we have a bit from Fox news about Head of Union Swiss Bank had to resign, due to LTCM.
foxmarketwire.com
now, when you marry this to a little bit I picked up that Monday Swiss officials put in a new regulatory agency Monday to monitor and regulate USB & the other largest Swiss Bank(which I now forget the name of), You get that the Swiss government understood that these two biggest of all Swiss banks were invested in a hedge fund that was shorting gold.
Swiss Franc last year was beat up because it is gold backed and most of Swiss population wants a gold backed S Franc.
I would bet that from the Swiss point of view for a Swiss bank to act in such a manner as to devalue the currency is near treason.
Comments?
Bet the named & "unnamed" Swiss government officials that had made statements that were anti-gold will be out of work soon, but just guessing.
1+1+1+1=LTCM=conspiracy to control the price of gold ?(do we need ask)?
rh