To: Tacis
Where is the media outrage over the manipulation of the gold, silver, copper, and steel prices?
2 posted on
11/11/2004 11:04:44 AM PST by
Chewbacca
(Just because Social Security was set up as a Ponzi Scheme doesn't mean I have to support it!)
To: Chewbacca
I'm with you. If anything oil is far too large a market to manipulate. It was simply technical in nature. Anything can stay overvalued for a long time. Oil did. Now it is moving towards a more oversold level. It may drop to 40 or so. And then back up again. I see no manipulation here. Just the marketplace.
On the other hand precious metals have been manipulated for decades, especially by the Clinton Administration and Alan Greenspan. After all the Long Term Capital Management fund was heavily short gold. The taxpayer saved that one. Gold is the enemy of the socialist central bankers of the world. Including Alan - despite his thesis from the 1960s.
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