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

To: Hawkmoon who wrote (27673)	2/3/1999 2:48:00 PM
From: lorne	Read Replies (1) \| Respond to of 116791

Ron. >>>>"carry trades" on cheap leases of gold is to blame. But from the Fed's perspective, and one I agree with, is that you should counted one manipulation by permitting another, namely a short squeeze that threatens to distupt the value of the dollar.<<<< When you refer to a short squeeze I assume you mean GATA with Bill Murphy. Are you now saying that the truth would cause a short squeeze. Do you mean the truth should be sacrificed to protect those that may be manipulating the gold market???. I do try to understand your logic but its like trying to find the beginning or end of a circle it just doesn't seem to be there. Take care Lorne

To: Hawkmoon who wrote (27673)	2/3/1999 2:51:00 PM
From: long-gone	Read Replies (2) \| Respond to of 116791

<<There greater stakes in all of this, and while I don't condone manipulation, I understand why they are doing it (if they indeed are since all we have is hearsay and undocumented accusations).>> While we can "agree to disagree" on the proof of the manipulation(there is still the matter of the two news releases on the same day one stating yes the other from the EU CB stating no) we can agree on the manipulation sucking. Now, that we have agreed on this key issue, would you also agree that the current level of manipulation (allowing for profits and bonuses for LTCM) is wrong? I still say these guys should not be profiting from manipulation. If the Federal is as good as everyone wishes to believe at the tight rope act, it would be an easy feat to manipulate "any" price, not jsut the current range of $286-290. The economy was growing(very well) when the price was (some) higher. What price would you allow? I can not see the "greater stakes" in cutting LTCM to the quick. One of the big boyz might miss a Porsche payment or not be able to take that trip to the Hamptons? That would just be too much(BS).