SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Baba 2 who wrote (33801)5/13/1999 3:15:00 PM
From: donald martin  Read Replies (1) | Respond to of 116768
 
<<bunch of losers just complainin' about their sorry trades and horrible luck>>

If they did their trades on margin, or with funds that they couldn't afford to tie up long term, then yeah, whiners, moaners, and losers fits. Markets can remain irrationally priced for long periods. Anyone who's not prepared to ride it out shouldn't play.



To: Baba 2 who wrote (33801)5/20/1999 7:40:00 AM
From: long-gone  Read Replies (1) | Respond to of 116768
 
my E'mail to Congress:

Congress and the Senate speaks in broad terms of IMF oversight when instead, they should be assuring exacting audit standards, rules, and certifying an absolute lack of conflict of interest from the managing director Michel Camdessus.

If there is to be an IMF gold sale, fine, but Congress should bring it to open debate(or kill it once and for all) and should have the fortitude to ask the Hard Questions of:
Is the gold even there now, or has it been part of a lend lease program and CAN NOT be returned? There must be not lend lease programs of IMF gold!
Why does IMF Managing Director Michel Camdessus demand the sale of these assets? How are the private financial assets of this socialist invested? Are the invested in a Blind Trust as would be required in our country? If so, how sound are the firewalls of the Blind Trust preventing a conflict of interest? Is Michel Camdessus invested in such a way to profit(a hedge fund, bank /brokerage house, or even maintain a personal short gold position) from a lower gold price?

When Congress writes the checks, they must also get to write the rules, these rules must establish a system above all reproach!