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

To: lorne who wrote (20548)	10/3/1998 8:02:00 PM
From: Terry Rose	Respond to of 116764

lorne, As more information comes out on the LTCM bailout it appears to be a watershed event. I find Greenspan rationalization why hedge fund activity should remain undisclosed (they will move off-shore) as incredulous. If I ran a hedge fund I would already be off-shore to avoid taxes. I suspect that Greenspan wants it this way because they are manipulating the markets with derivatives and want this kept secret. If all the Federal Reserve did was set short-term rates why do they need a fleet of commercial jets? Hopefully the Central Banks are an endangered species. With all the hedge funds currently imploding it is my opinion that even the combined action of the Central Banks, major banks, and brokerage houses is not sufficient to keep this disaster from playing itself out. As the Privateer has noted when gold breaks out this will be the signal that they have lost control. The "invisible hand" is now at hand. Terry,