GOLD PLUMMETS - SPOT CHART

http://www.kitco.com/charts/livegold.html ^

[Fitzcarraldo]

Source: www.kitco.com

[hchutch]

OUCH!

That had to hurt. Still, wouldn't a buyer be needed in order to sell the silver?

[RightWhale]

was the amount of gold value stored in vaults at WTC and now ash

Not a problem. At worst the gold would melt and trickle down to the sub basement. They have found every ounce even though it took over 6 months.

[1234]

many tx for the comprehensive reply

[Woodman]

Can you please tell me where the "Gold" vaults were located in the WTC and who owned/controlled them? Although I have no doubt that there were vaults (with some gold) in the WTC and also in the bank(s) in the WTC Concouse; the story about massive amounts of lost gold are taking on the appearance of an Uban Myth.

[Soren]

Still, wouldn't a buyer be needed in order to sell the silver?

I don't know enough about the exchange mechanics to answer authoritatively. Perhaps, it has to do with how bids are submitted.

[xzins]

Is there any government announcement of a large sale of gold to account for the plummet?

Remember that Britain did that about this time a year ago. I'm not sure of their intent at the time, but I think it was to allay fears of an inflationary cycle.

[RightWhale]

I don't recall where the vaults were, but there were a couple of reports of the gold being found in the sub basements. I believe they had 7 levels of sub basement. If any gold is missing, it probably got ripped off, because they cleaned out the entire wreakage and nothing would have been overlooked.

[aardvark1]

JPM was hit hard by Enron and Worldcom. Gold could be the brick that breaks the Rolls Royce's back.

[aardvark1]

To get a lot of info on gold go to http://www.gold-eagle.com

[Ignatz]

For investors looking to enter a market, whether a commodity price is moving up or down is of little consequence. As long as the price _IS_ moving, profit can be made either direction.

[Thane_Banquo]

I believe the British BOUGHT gold last year. Not sure why. But it started the big rally in the gold market that has lasted into this year.

[Aaron_A]

The gold and silver in the WTC basement vaults was property of the precious metals arm of Scotia Bank (Canadian). They were recovered about a month after the terrorist attacks.

[Poohbah]

No, it doesn't. But I get suspicious when someone claims that J.P. Morgan put itself into a position to bankrupt the known Universe because of gold derivatives, and then offers to sell me gold, allegedly at a discount.

Call me suspicious. Call me paranoid. Hell, call me a taxi.

[Woodman]

Thanks, that pretty much agrees with what I was saying. There never was a vast gold store in the WTC and it couldn't have any significant effect on the gold supply.

[Deuce]

Find me a site that isn't in the business of selling gold discussing this issue.

Your implication is that rather than independently evaluate the facts as best you can, you, instead, decide whom to trust. Apparently, you believe the sources with a vested interest in keeping the price of gold down over those who have a vested interest in moving the price up. So a 119 page report, containing substantial research on the GATA site, can just be dismissed, unread.

As someone with no axe to grind, I feel the weight of evidence is on the side of manipulation. But I will look at the opposite side. Can you point me to ANY source that supports the unfettered market theory? Or are we supposed to just take it for granted because that side just ignores the allegation. I guess those accused of manipulation recognize that their power, clout, prestige, and special privilege will protect them. They expect that their silence, alone, says, to the believing public "How can anyone think we would even consider manipulating the markets". If they were forced to say it overtly, it might sound more like OJ's lament ("How can anybody think that I would harm Nicole!!!")