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

To: Zardoz who wrote (31307)	4/7/1999 7:33:00 AM
From: long-gone	Read Replies (2) \| Respond to of 116795

OK, So this one CEO does believe: 1. Gold is going up 2. He will make money even with gold at these prices 3. Does not believe governments are manipulating POG 4. Investors "don't get" the mixed metals production story. Where I disagree with him is that when the Federal Reserve brokered the bail-out of LTCM and did not require better firewals between the investing instutions and allowed them to continue to assert "GOLD is dead as an investment" while (most agree they are still short gold to this day)with-out requirements on disclosure of position, they became a party to any and all manipulation.!!! The CEO could be wrong, but how can one square the concept that this "smartest economic administration of all history" wishes to sell gold when most industry experts agree gold will be higher in 6-24 months? Even the many of "futures advisors" in print are saying we have seen the bottom on all commodities. If Our government is not trying to manipulate gold, Why would this administration threaten to sell when they do not have legal power to do it and price is near an all time low price? Power drunk or stupid?