Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Enigma who wrote (22050)	10/21/1998 11:00:00 AM
From: The Street	Read Replies (3) \| Respond to of 116762

The Gov't should be out of ALL trade and markets-- used only to settle disputes-- as outlined in the US Constitution. The reason the markets need Gov't crap involved is due to the creation of a the dollar into the new Gold Standard. Letting policy replace the fundamental market based currencies that the Gold Standard gave us. So instead of Gold and markets underlying world currencies we now have politically motivated Gov't Policy doing the job. THAT does not let free markets exist and makes for more gov't manipulation because you have a snowball effect... As for the cut?? It gives us short-term help but long-term in will hurt the dollar. I mean just creating cheaper capital does not fix the problems causing the Crisis. Just puts it off-- real fixes. Which helps Gold-- so we wait for the Crash and Depression a little longer. Let's me trade some more and store capital to buy GOLD...

To: Enigma who wrote (22050)	10/21/1998 2:35:00 PM
From: Terry Rose	Read Replies (3) \| Respond to of 116762

enigma, Lowering interest rates to help prevent a recession or provide liquidity during a credit crisis is an option of a Central Bank. When the announcement of an interest rate change is made right before options are about to expire and other markets are closed (bond and gold markets) then manipulation and resulting ethical behavior becomes an issue. Not everyone is long the stock market. Some shorts were pounded by this move and no consideration was made towards them on the timing of this announcement which in my opinion was made at the time of maximum effect. When you have rampant manipulation in markets by cartels ie. Central Banks, brokerage houses, and major banks then the game is a crooked one. One who enters this game must either have a very short-term view or a very long-term view. Terry,