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To: long-gone who wrote (27068)1/26/1999 7:36:00 AM
From: Francis R. Biscan Jr.  Respond to of 116762
 
Morning Richard,

>>It rather seems that this is an income and wealth redistribution conspiracy heaped on the middle class longer term investor to the Benefit of the upper class speculator.<<

This, IMO, is an accurate statement.

Gold did not have to go to $290.00 for them to maintain confidence in the dollar, market, ect. If manipulation was needed, they could have accomplished the same thing by holding gold in the $350.00 area.

It is as you say. Gold was driven down by those who had a specific plan in place, to benefit personally from it's demise. This is manipulation in the most unlawful sense. Not by government, with lofty ideals, but by the private sector, with intent of profit.

Have a good day,

Rich



To: long-gone who wrote (27068)1/26/1999 7:45:00 AM
From: lorne  Read Replies (1) | Respond to of 116762
 
There seems to be a concerted effort by funds and bullion dealers to provide supply shocks to the Gold and Silver market every time there is a world financial crisis such as is happening now. This can be easily seen by the massive selling that occurs each time the price of Gold reaches toward $295.00.
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