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Is the Carlyle Group buying up gold??

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Career Prole Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-05-04 09:46 PM
Original message
Is the Carlyle Group buying up gold??
I know, it sounds nuts but the family's been out all day and when alone my thoughts turn to conspiracies.

Please read this article...
Goldcorp Agrees to Buy Wheaton River
NEW YORK (Reuters) - Canadian mining company Goldcorp Inc. (Toronto:G.TO - news) (NYSE:GG - news) plans to buy competitor Wheaton River Minerals Ltd (Toronto:WRM.TO - news) (AMEX:WHT - news) for $2.09 billion in stock, marking further consolidation in the mining industry, the companies said Sunday in a statement...

The major stockholder of Goldcorp is Fidelity Management, which owns more of Goldcorp than the next 9 major shareholders combined, and who coincidentally just scooped up another 5 million shares on September 30.
http://finance.yahoo.com/q/mh?s=GG

Fidelity is also among the Top 10 holders of Halliburton it seems, as well as "owning big" in United Defense/Carlyle.

#7: FMR Corporation (Fidelity Management & Research), with 10 million shares. FMR, the world's largest mutual fund company, and Wellington (see #2, below) are by far the biggest shareholders in TB Woods Corp., where presidential cousin Craig Stapleton was a director before becoming ambassador to the Czech Republic. FMR also owns big in United Defense/Carlyle, connected to former President George H. W. Bush, and Fresh Del Monte, where presidential brother Marvin P. Bush is back on the board. Interestingly, FMR also owns about 50,000 shares of Harken Energy, George W. Bush's old stomping grounds (current value: about $20,000). Fidelity's Magellan Fund is also the second largest mutual fund holder in Halliburton.
http://www.populist.com/03.19.burns.html

So, am I seeing smoke where there is no fire? Am I imagining smoke?
Or is this actually as ominous as my idle mind is making it seem?
Are they out to corner precious metals now?
Are they betting on the failure of our currency?






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gordianot Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-05-04 10:15 PM
Response to Original message
1. Didn't the Hunt brothers once play with silver?
Would be interesting to know if the crime family was playing Goldfinger.
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Career Prole Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-05-04 10:23 PM
Response to Reply #1
2. Seems strange that they'd snap up goldmines with the economy
in the oh-so-capable hands of their bought administration.
Kinda makes me think gold may be soaring higher than Ashcroft's eagle mighty soon.
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gordianot Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-05-04 10:47 PM
Response to Reply #2
3. Gold rises as the dollar plummets.
They do not seem to mind at all the devaluation of the dollar. Just to help sell a few more cars for GM over Nissan and Toyota.

Strange games they are playing.
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