145. We are getting off topic
Oct-23-02
Reports from the scene were horrific after two jet liners struck the twin towers, which subsequently collapsed from the damage and enveloped most of lower Manhattan in dust and soot. Michael Englund, an economist for Standard & Poor's, was attending a conference in one of the towers in the first floor convention hall and reported "incredible scenes" upon his escape prior to the building collapse. Mike reported witnessing a sewer pipe "fuse" with the metal of a car nearby as he fled.
http://www.businessweek.com/investor/content/sep2001/pi20010911_4982.htm ConFUSING, isn't it....
Volunteers are being turned away from the site as there are now enough workers for the space. But even the Mafia has joined the rescue effort. According to the Daily News, Carmine Agnello, jailed son-in-law of Mafia chief John Gotti, has offered his $6m shredding machine, which can chew up steel beams.
Agnello, who is serving a nine-year sentence for racketeering involving extortion and arson, is the owner of the New York Shredding company one of the city's big scrap dealers. A letter from his attorney said that Agnello "felt the pain" and wanted to help.
http://www.guardian.co.uk/wtccrash/story/0,1300,554891,00.html The vaults below the complex that was the World Trade Center were a vast and secret place. Not only did they hold some of the world's largest gold depositories, but they were home to stashes belonging to the CIA and secret service.
Seventy feet below ground is an array of goods that includes bricks of cocaine, fake taxi cabs used for covert operations, bomb-proof state cars and security files meant for the eyes of the CIA only - nice booty for potential looters.
http://www.guardian.co.uk/wtccrash/story/0,1300,585391,00.html Removing the debris has also been controversial. The police said that some scrap metal has been diverted to mob-controlled businesses rather than the dump where investigators are examining rubble for clues and human remains.
http://www.rense.com/general17/eyewitnessreportspersist.htm Deep inside Ground Zero you realize that all concrete, all masonry vaporised to nothing leaving mangled ironwork in its wake. Walking through it is like tracking through bramble.
http://www.guardian.co.uk/wtccrash/story/0,1300,593699,00.html Some of the buildings being excavated had clocks that had stopped at the moment of impact; surrounding bars and restaurants had bottles of wine and glasses still on the table.
http://society.guardian.co.uk/disasterresponse/story/0,1321,555012,00.html The bullion was not the only valuable hoard buried beneath the twin towers. There were also caches of drugs seized by federal agents, boxes of FBI evidence - and thousands of Godiva chocolates.
http://www.light1998.com/wtc/Plot.htm What, I ask you, kills thousands, stops clocks, fuses metal, vaporizes aircraft, turns steel skyscrapers into powder and yet somehow does not melt chocolate?
http://www.democraticunderground.com/duforum/DCForumID43/5189.html#145Wednesday September 12, 2001
Panic buying was rampant in the international gold markets in the hours after yesterday's terrorism in the US.
The market for the precious metal was thrown into uncertainty when the New York Comex, the major US gold futures market located near to the World Trade Centre, shut immediately after the attacks.
In London the price of gold - a traditional haven in times of uncertainty - raced higher by as much as $18 an ounce during frenzied trading, as the scale and severity of the attacks became clear and traders struggled to lay their hands on the commodity.
"This was a reaction to the unknown," said a bullion dealer in London. "Nobody knew what would happen, and some people began to panic."
The leading London trading houses, Scotia Mocatta, Rothschilds and HSBC, continued to trade throughout the afternoon, despite the sudden closure of Comex.
But trading in London fixing was erratic, according to an analyst, who said: "Trade has been volatile, because the Americans have been removed from the equation. No one wanted to make two-way business, and there has been no producer selling."
Contracts in gold for immediate delivery closed at $290 a troy ounce in Europe, compared with a closing price of $271 an ounce at the close of trading on the New York market on Monday night.
In Toronto - the home base of a number of major mining companies - trading had to be suspended in the market chaos that followed the second airborne strike.
Shares in leading mining companies, such as Barrick Gold Corporation, the world's largest traded gold mining company, also rose strongly as traders anticipated continuing demand for the metal.
http://www.guardian.co.uk/wtccrash/story/0,1300,550389,00.htmlThursday September 13, 2001
Gold and other precious metals fell back, while the US dollar and Treasury bond markets strengthened after central banks signalled they were ready to support the US.
Trading volumes on the foreign exchange markets halved as participants faced up to logistical problems from the attack on New York, the largest currency trading centre after London. Analysts said volumes were more like a bank holiday than a working day.
"Forex markets aren't the shameless places that people sometimes think," said Nick Parsons, currency strategist at Commerzbank. "There is a feeling that this is not the time to be profiteering."
The dollar recovered from $0.9074 to $0.9010 against the euro, as soothing comments from world central banks encouraged dealers to unwind short dollar positions.
The thin trading in the dollar caused difficulties in the gold market. With the New York Commodities Exchange remaining closed, traders were unable to make future contracts in gold.
Those wanting to use the gold forward delivery market in London found market makers reluctant to set prices, lacking a clear idea of the dollar forward contracts.
Bullion trading house NM Rothschild said spot gold prices in London closed at $280 a troy ounce, $10 below Tuesday's closing price.
http://www.guardian.co.uk/wtccrash/story/0,1300,550999,00.html