fatsoh's little take on gold equities, page-4

I believe you are quite wrong when you wrote that "gold has outperformed just about everything else for nigh on a decade."

For example, you pointed to the performance of uranium equities. You omitted telling us that uranium went up from a couple of dollars to spike around US$140.

How do you reckon gold equities would be doing if gold was up 70 times in price? If gold spiked around US$17,500 an ounce?

Try nickel. You omitted telling us that nickel rose from a few thousand dollars to spike around $US$50,000 a tonne.

What about oil? You omitted telling us that even around US$70 oil is still up 600% - the equivalent of gold being US$1750.

Due to manipulation, as GATA has proved beyond reasonable doubt, the gold price has seriously underperformed commodities in the last 10 years. This has flowed through to the performance of gold equities.

The manipulators are gradually losing control. They cannot successfully defend the price of gold against Government demand from China etc. China is making its moves, not only in the physical gold market, but now in the ETF paper gold market.

China is not stupid. China is fully aware of why many ETFs managed by banksters were established - to divert investment money away from physical gold and gold equities into ETFs that ultimately trade paper gold created from thin air and backed by nothing.

To also use money from gold investors to buy physical gold which is then leased to put pressure on the price of physical gold.

When the time is right I will not be surprised if China, openly or covertly, blows the whole ETF paper gold ponzi manipulation scheme into oblivion.

Now is the time for gold as the gold market manipulation scam is unravelling behind the scenes, as Jim Willie has pointed out to us, with manipulators, scrambling to find physical gold to deliver to those who request delivery of physical gold as per the terms of their paper futures calls, instead using delaying tactics and offering 25% plus US dollar cash premium sweeteners to settle in paper instead of physical gold.

It's just a pity in my opinion that some leading gold miners like NCM and LGL don't sell some of their gold on a contract basis instead of meekly accepting the paper gold price for physical gold