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


To: Hawkmoon who wrote (27716)2/4/1999 9:38:00 AM
From: long-gone  Respond to of 116795
 
Have you read so little of what I have said (over & over again) that you believe I am one of the "doom & gloomers" gold boom coming types? It's the population!!!! Population growth = demand growth.
The short gold manipulation will at some point end.

The systemic danger which drove the LTCM bailout (and continuing manipulation) was due to their excessive leverage(and due to their Nobel prizes). There is no currency danger due alone to a rise in POG, the systemic danger, much written and spoken of, was not to the currency system, but rather to the banking system as it was the largest banks and brokerages involved. I suspect now, the banking system is safer and with every passing day the short position of LTCM
is being reduced. Dr. Greenspan made it very clear that future bailouts might not be forthcoming. It is the smaller shorts which must soon be worried, cover-ups will not forever happen.