Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: Gord Bolton who wrote (34898)	6/6/1999 2:38:00 PM
From: Jim McMannis	Respond to of 116764

WOW, now those are some allegations that GATA would love to be true. Jim

To: Gord Bolton who wrote (34898)	6/6/1999 11:44:00 PM
From: long-gone	Read Replies (1) \| Respond to of 116764

<<Could it be that there were in fact a whole string of LTCM type operations who were invovled in the gold carry trade and in trouble, especially with a rising gold price? How to bail them out without public scandle and political consequences? Why more cheap gold of course. That would give them breathing space and an opportunity to cover at a discount.>> It is just as likely those in these governments are themselves corrupt and maintaining a short gold position and thus cutting themselves a check from the public coffers.