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To: ahhaha who wrote (33794)5/13/1999 2:28:00 PM
From: Investor-ex!  Read Replies (1) | Respond to of 116768
 
It's not necessary to manipulate a market to infinity in order to "succeed". A few percent will do just fine. Or no price movement at all can be just as "successful" if one is selling the prospect of volatility or banking on the lack of it.



To: ahhaha who wrote (33794)5/13/1999 2:56:00 PM
From: Brad Bolen  Read Replies (1) | Respond to of 116768
 
RE: Was Buffitt trying to corner the silver market with his large purchases? Why do you believe it is
desirable to corner or monopolize a market? If you succeed at this, to whom will you sell? Economics
is a closed universe. There is no infinite horizon to its end game. The result of a corner is the horizon
locks you out in infinity, so you end up selling for nothing. This is the problem of the chaos theory of
gold. If we had economic chaos, gold approaches priceless and therefore worthless because it
wouldn't be exchangeable.

----

Mercy... its all Gleick to me.

They sell to people whom must have the product. You must fly, thus the Fed suit against American Air today.

Monopolies are by definition manipulation. In the pure world of mathematics your 'theory' may make sense. But as long as people need things, such as food, oil (gold?) there will be manipulation.

By your reasoning, I suppose there should be no insider trading laws , the market will take care of those blackards.

I still don't see your point.

B.