You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Is the Carlyle Group buying up gold?? [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Topic Forums » Economy Donate to DU
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??
Advertisements [?]
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?






Printer Friendly | Permalink |  | Top
 

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC