GOLD 0.51% $1,391.7 gold futures

seems a bit conspiracy theory-ish, except here is the New Times...

  1. 219 Posts.

    seems a bit conspiracy theory-ish, except here is the New Times article about the same thing! (China reneging on OTC contracts).

    I was wondering why Barack would buy back $6.5billion worth of forward gold sales.... you would have to expect POG to rise significantly in the future to have the "cost" of $6.5bil elevating the price to begin with...

    Still, will the US banks try and break the POG so that the OTC shorts get back into the money? Would seem very hard to when you have Barack sitting with $6.5billion to hover up on the dips..
 
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