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

To: long-gone who wrote (31367)	4/8/1999 6:00:00 PM
From: baystock	Read Replies (3) \| Respond to of 116811

<<You draw the conclusion from chairman Greenspan's remark that the Federal Reserve, together with other central banks. Has manipulated the gold market by leasing quantities to prevent the price rising. However, the Federal Reserve is prohibited by law form buying, selling, or owning gold.>> He has completely avoided the question on gold leasing. Sure the Federal reserve is prohibited from buying or selling gold, but are they prohibited from leasing gold. Even if they are, what is to prevent their market manipulation ally the U.S. treasury from buying, selling or leasing gold ? <<As for the actions of other central banks, it has been widely reported that an increasing number of them are participating in the gold-lease market to earn a small return on their holdings.>> He has once again avoided confirming or denying that the U.S. Federal Reserve or Treasury leases gold.