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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (5543)	4/25/1999 1:18:00 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 81737

Ron i find value in your posts. Thank you very much, Darleen. And I DO appreciate your opinions as well. As for the efficacy of GATA and their claims, it is just as easy to argue the other side of manipulation, that of years worth of gold supply being removed from the physical markets and distorting the POG. Imagine if nations held large quantities of oil (like 14 years worth of supply) in reserve. Would the price of oil rise or fall?? Given that the US and most other developed nations retain 40-60 days supply of oil, there have been various complaints from the oil sector as to how this distorts the market for oil by placing a price lid on it price, and furthermore that the Gov't has no place storing that much oil. Now in the case of gold, we can argue two different cases. If gold demand is higher than annual production, and CB's are unwilling to sell their gold reserves to meet that demand due to pressure from gold producers/holders, that distorts the market for those who use gold for industrial purposes or jewelry. Personally, I say sell all the gold that CBs hold and if and when there is a future financial crisis, that gold will be held by more small investors who can afford to own larger quantities of it. That's my inherent argument with GATA. While they claim they have been shorting against the precious metal, in fact, the CBs have been deliberately involved in supporting the market and preventing its total collapse. They have been letting it decline gradually ever since the peak in 1982. And that is distortionary and just as worthy of legal action as anything that GATA is trying to arrange. Take care, and enjoy the rest of your weekend. Regards, Ron

To: Ahda who wrote (5543)	4/26/1999 7:49:00 AM
From: long-gone	Read Replies (1) \| Respond to of 81737

<<Ron i find value in your posts. So i am going to ask something can we refer to Gata as Gata not Bill. What Gata pays their officers etc not Bill. >> The points here are 1. Ron will do anything he can to make gold go/ stay down. 2. If(when) GATA can prove the manipulation of the POG lower, Bill will get his pay day as will the rest of the long gold community - but not until then. I was offered a position with GATA, but as they are un-paid and I'm looking for a job & broke, can't afford it. But still do all I can to get the word out / help. 3. GATA's efforts to stop the manipulation of the price of gold are relevent to the POG so belong here. 4. Ron's reason to stop Bill's postings are in support of his anti-gold(& or possibly short) position.