thanks jon nadler ..., page-15

  1. 24,765 Posts.
    For telling us that gold price suppression doesn't exist.

    Obviously I'd better reread the evidence that GATA has dug up over the years about gold price suppression and try and work out how they could wrongly conclude from so much evidence that the gold price is being suppressed.

    Anyway, here is some of what you quoted and also wrote:

    Speaking of punishment, Marketwatchs Mark Hulbert finds that when it comes to the gold market getting punished (as in price), its ardent supporters blame a variety of factors some plausible, but many, not. Mr. Hulbert illustrates with:

    The most common excuse that gold bugs have used to explain why they didn't anticipate gold's recent weakness: Strength in the dollar. And I'm sure they're right that dollar strength does translate into gold weakness. But I'm cynical about their using this rationale as an excuse. A loss in gold is a loss, regardless of what caused it, isn't it?

    Well, yes and no. There is ample evidence (up to, and including December) that the US dollar had been severely oversold, and that the spec trade was so heavily piled into one single airless corner, that something had to give and, give, it did. Unsurprisingly to all, but the stubborn hyper-bulls. At the current juncture, Mr. Hulbert finds that the same extremely vocal group continues to refuse to build up positions in cash (after golds sizeable decline since the aforementioned December peak) and keeps chanting that we remain on the verge of a lunar target launch.

    Mr. Hulbert normally uses his contrarian indicators as a short-term market timing tool, but we might offer him a plethora of other little indicators which also point to some mighty strange goings-on in the uber-bull camps.

    The above include items such as: the endless conspiracy and price suppression theories, the wild fairytales of tungsten-filled bullion bars at the core of the global bullion market, the alleged concentrated sinister shorts present in the market, the putative coin shortages purposely created by sinister government that would wish to prevent the man in the street from buying gold, the imminent purchase of massive gold tonnage by China (and a corresponding dumping of its USD position), the also imminent move to confiscate ones gold, etc., etc.."

    At http://www.kitco.com/ind/nadler/mar122010.html



 
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