http://www.goldensextant.com/ May 26, 2000. Gold: Can't Bank with It; Can't Bank without It! http://www.goldensextant.com/commentary12.html#anchor341719 A quote from the above: > Under this regime, largely on the basis of deposit liabilities by the central banks >and others > amounting to something like 10,000 tonnes, the bullion banks have built a gold >lending business of > equal size, to which they have added a net short derivatives position of another >6000 tonnes. All > this has been done at gold prices in the $300/oz. neighborhood. And so far as can be >told, almost > all the gold deposited with the bullion banks has been sold into the market and >disappeared from > the gold banking system to India and other parts of the Middle East and Asia. Hmmm... political power could be (or is already) moving east. "There's no rush like a gold rush, and no run like a bank run." Another Dow/Gold ratio chart: http://www.goldensextant.com/commentary15.html#anchor1602 GOLD MARKET REGRESSION CHARTS: http://www.goldensextant.com/Charts.html Bob "Life consists of a lot of minor annoyances and a few matters of real consequence." -- Harvey Penic -- http://www.constructiongigs.com/ ConstructionGigs.com's PGP public key is here: http://www.constructiongigs.com/assets/DH-DSSkey.txt Fingerprint: 3C4D A63F 3C8B 2D7B 7E1A FFE8 9A2E 4D78 CAD6 66B7 --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
