Don’t rise to the bait like that I’m the fly fisherman around here! Timber, Biggle’s and the gang only hang around here to wind up Gold enthusiasts best not to encourage them although I have to admit I also find it difficult to suffer fools.
Looks like at least one member of the plunge protection team has stepped in front of the curtain I guess some things are just too big to hide!
Although to be fair they were buying Gold last week so maybe the just love a bargain.
Somehow I can’t see the FED rewarding their PPT hero’s with a slap in the face so I think we can all forget about a FED rate rise for the rest of this year and probably next.
Well at least Goldman may see some decent returns on last week’s Gold purchases once again a reward for telling Pork Pies to their clients advising them to sell Gold!
I think the US government had something of a surprise this week by delaying the Chinese entry into the Special Drawing Rights club they didn’t expect a kick in the Orchestra Stalls by way of their currency devalue and subsequent strengthening of the US dollar. Possibly the school yard bully will need to think about retaliation in the future; as we know pay back’s a bitch!
I also noticed the notable Gold fan John Paulson has started cashing in on his numerous property and land dealings. A smart operator like that might start buying up Gold positions if this is truly the bottom for the Gold price he may do as well as quadrupling his bet on real estate!
I think it will be another busy day for the Plunge Protection boys in NY today!
My feeling are we are more likely to see another bout of super QE before we ever see a FED rate rise but hey that’s just me another foolish physical Gold holder!
