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

To: Hawkmoon who wrote (26504)	1/20/1999 6:49:00 AM
From: Mark Bartlett	Read Replies (2) \| Respond to of 116764

Ron, <<Once they are unwound to an acceptable limit, then gold will likely be permitted to rise. It sucks, it's probably manipulation, and it's likely something that the Hunt brothers, or any of us, would get thrown in jail for. But there are likely greater stakes at risk that justify the means being used.>> I think your analysis is pretty much on the money. What bothers me most in the scheme of things, is the system can be allowed to get so out of wack. There is no way on God's green earth that this sector (or any other sector for that matter) should be allowed to be surreptitiously gutted, just so a bunch of greedy hedge funds can get cheap money, to leverage further. There are people that depend on the mining industry for their survival, and to create such an artificial situation, to their detriment, is inexcusable. I understand Bill's anger. It is not just that this is happening, but that it could destroy lives and an industry in the process .... and not only that, but those that created the mess are being aided to get out of it by their buds. You and I can sink or swim ... but these greedy clowns get bailed ..... whatever happened to a free market. This whole situation IMHO just typifies the general mind set across much of N/A today ..... if you can get away with it .... if you have the power to get your butt covered, then go for it. For Greenspan to say these hedge funds do not need more control is ludicrous .... if one fund can get in a sufficiently precarious position to cause worldwide systemic economic damage ... then it is damn apparent they do need controls. MB