Hi Andy, Yeah, lots of time now to tell the goldbugs how they're...

Hi Andy,
Yeah, lots of time now to tell the goldbugs how they're being scammed by a bunch of crooks like von Greyerz, Dave Kranzler and lots of other Schiffheads.
The Swiss aren't that stupid to turn the clock back, living in the past and quoting the Weimar Republic, Zimbabwe and the '5000 year store of value', that's a goldbug specialty.
The gold standard was the main cause of the Great Depression, I'm sure even my dog knows that.

But I think we can agree finally that your favourite hobby horse, the great fabrication that the USA stole or withheld the German gold, can now be completely dismissed, agreed?

I'm awaiting further confirmation from the GLD website that the GLD vault is being drained alright, so far they've sold 599 tonnes and it doesn't look like slowing up in fact it's accelerating, an indication of gold sentiment.

More gains for the US stockmarket but gold stocks getting another pummelling.

HUI -1.41%
GDX - 1.56%
GDXJ -1.74%

Looks like the goldbugs are finally catching on that they've been hoodwinked all these years and cashing out.