theres a fair bit there and not all may be true but one intereting section i've posted below;
So a funny thing did happen indeed. A crashing gold price would suggest that there's too much of this yellow stuff chasing end consumers but the opposite is true. How's that possible? How can an item drop in price while there's a lack of supply? An item should drop in price due to over supply, not due to lack of supply. The only answer is that there's a disconnect between the physical gold market and the paper gold market. The paper gold market is more than 40 times as large as the physical gold market so therefore it's not difficult to understand that price manipulation through paper contracts can easily be achieved. As mentioned above the most logical explanation for this all is blatant intervention. According to GATA the suspension of gold coin sales by the US mint is overwhelming evidence that the future contract price of gold on the commodities exchanges is substantially below the physical market price and that the commodities exchanges are being used as part of a massive scheme of manipulation of the precious metals, currency and bond markets. GATA is gaining credibility fast and the subject of market manipulation is making headlines almost every day now. GATA was right when they said gold was going to $850 back in 2001, now they say gold is heading towards $3000 - $5000. These figures seem exaggerated but believe me, they are not! Despite the fact that the gold cartel has won another battle by taking the gold price down to $800+ levels, it will only be of temporary nature. As mentioned above, demand for physical gold is so extraordinary that current levels will proven to be the bottom and the start of a renewed up-leg in gold targeting $1200+ next year.
Let's repeat John Reade's comment re gold and physical demand:
"..over the past three weeks we have noted unprecedented physical gold demand from India, some European consumers and other Asian clients"
"The last time we issued a strong tactical buy recommendation in gold was in August 2007 at $660/oz. Gold eventually topped out more than $350/oz higher than that level"
AXM Price at posting:
40.5¢ Sentiment: Buy Disclosure: Held
