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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Bill Murphy who wrote (3190)	1/24/1999 8:16:00 PM
From: dospesos	Read Replies (2) \| Respond to of 81019

Bill: I have had your Metropole/SI cabal article forwarded to me by a number of "auristes" who did not know I follow this site. Having followed the gold leasing "industry" and the carry game I can attest to the correctness of your comments thereon. The rest I cannot confirm elsewhere, but Greenspan's comments and the widespread knowledge of LTCM's gold "portfolio" suggest to me you are on the right track. Nor do I think this capping started only recently. A friend who researches the FED felt two years ago he could see the FED active in the gold market. Frank Veneroso called me about it when I hinted at it in a publication. This is quite possibly a deep and long on-going campaign to keep the flow of increasing funds channeled in the "right" direction. We know the FED will have to continue to ease. Greesnspan simply does NOT want gold to go up. I suspect we will see three connected maneuvers: 1.) easing, 2.) continued gold capping, and 3.) FED stock margin increases. Already we see the CME tightening and many internet stocks are now limited to cash purchases for retail customers. Something is going to give somewhere. Eventually the shorts in gold will get plastered to the ceiling. I hope it is soon. Keep up the good work! Aurophile

To: Bill Murphy who wrote (3190)	1/24/1999 8:40:00 PM
From: lorne	Read Replies (2) \| Respond to of 81019

Hello Bill, this was posted on Kitco chat is this the same as what you are working on. Copyright © 1998 Goldilocks and the three BEARS/Kitco Inc. All rights reserved The following was posted over at the USA gold site. It seems there might be a legal suit that could be brought against the Federal Reserve for gold manipulation. If there are any U.S. lawyers on this site please comment on the following comment by a Canadian Lawyer. This could get interesting. ------------------------------------------------------------------------- Law of evidence and gold manipulation, cont. Further to my previous post ( post#1909 ) , I hope to post a further message within a couple of weeks, setting out my visceral "first-glance" perspectives on the proposed legal proceeding. It will point out that the oft-quoted-on-gold-sites statement of the Fed Chairman that central banks will lease gold if the price rises could possibly be viewed as an "admission against interest", which is very powerful evidence in a court. Of course, the entire exchange leading to that statement will have to be examined, to place the statement in its proper context. I will further argue that, on the basis of the record as I presently understand it to be, it is "fairly arguable" that the POG is being manipulated. As a result, I do not believe a proceeding against the Fed would be dismissed on an application for summary dismissal. Finally, I will argue that the most efficient means to proceed against the Fed ( assuming US law is the same as Canadian law ) would be in a judicial review application against the Fed for an order in the nature of prohibition, enjoining the Fed from selling or leasing gold, or colluding or co-operating with any national or international body, government, entity, person or corporation in the sale or leasing of gold. The basis would be that gold sales/leasing aimed at protecting the position ( s ) of individual persons, corporations or funds is beyond the Fed's mandate. ( A US lawyer would have to assess the Fed's enabling statute and related court decisions, if any, to demonstrate this point ) . The Fed should be the only respondent and there should not be any action for civil damages as part of this particular proceeding. Such an approach would minimize the number of parties and lawyers, minimize costs, and would expedite the resolution of the matter. Perhaps a US conservative or libertarian think tank's legal department would handle the case. I hope this post will contribute to discussion on the proposed proceeding. P.S. A further way to pressure the Fed is to launch Freedom of Information requests to the Fed and all branches of government concerning the LTCM bailout, the unusual timing of the rate cut before options expiration, and any topic remotely relating to gold manipulation. If USAGOLD does not object, I have no problem with copying this post and post#1909 to other gold related web sites.