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


To: The Barracudaâ„¢ who wrote (33773)5/13/1999 2:53:00 AM
From: ahhaha  Read Replies (1) | Respond to of 116764
 
So GS holds gold short. Why is that a manipulation? A customer wants to sell and uses GS as agent giving GS discretion. GS wants to distribute at the best prices, so they feed it out little by little. Is that manipulation? Gold price can't be manipulated by anyone.

GS is precluded by law from holding 1000 tonnes of physical gold or requires special reporting conditions overseen by the Treasury. If they control that much, it is all in short contracts held in the interest of customers. Just what is the connection between the market for physical gold and the paper shuffle going at the commodity exchanges? The connection isn't truly determined until the two break apart and are effectively tested. Since the advent of the FED that test has been precluded by faith, faith in paper. Trust in debt. Belief in lies.

GATA does no one good. You don't need to trust anything, except one thing: you need to trust that gold price can't be manipulated. That's true because you can trust that no one trusts.