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

To: Lalit Jain who wrote (33451)	5/8/1999 1:52:00 PM
From: teevee	Read Replies (2) \| Respond to of 116764

Lalit, <<<<The price of the yellow is down not only due to central bk selling, massive manipulation by funds and the fed. Just look at the press releases, they are time perfectly, just when the price is starting gain momentum to the upside. If this does not tell you something, I suggest you go back to watching TV.>>>>>> Where were you in '82? I was watching TV in the early 1980's....just after gold went to $800/oz with everyone lined up at the banks to buy gold.....the central bankers for the G-5 stated in public at that time that they will never allow people to lose confidence in the "coin of the realm"(paper money) again....hence they directed their regulators to create and legalize vehicles such as gold options and futures....furthermore they stated that every time "gold bugs" got anxious and the price of gold moves up, they will sell into the gold price rallies as often and as hard as need be until either gold bugs either smarten up and learn their lesson or are broke......central banks are THE gold price market makers....in addition, to help out their commercial bank friends with large gold reserves, they made gold loans and leasing legal.....just remember that banks still buy the darn stuff on demand....IF and when they stop doing that, the price will fall further..... regards, teevee