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

To: long-gone who wrote (32014)	4/18/1999 7:29:00 AM
From: sea_urchin	Read Replies (1) \| Respond to of 116764

Thanks Richard. I'm not sure what you mean by the Clinton and Greenspan legacies. I don't know that Clinton has a view on gold but Greenspan has what is clearly a most difficult job. If my memory serves me, I believe he was always in favor of gold as being at the base of a strong dollar. In fact, to my knowledge, the US hasn't sold any gold from its reserves. Of the other reasons, financing homes, derivatives and trusts seem more like playing games than reasons to mess gold up. I have discussed the gold price in relation to the strength of the dollar and have argued that, because the dollar is so strong on its own, gold price manipulation is not required. I don't doubt that there have been times when it has been used to bolster the dollar but I don't believe now is one of those times.