Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: canucklehead80	12/30/2011 2:10:22 AM
	1 Recommendation of 78427

GATA Vindicated Bill Murphy interviewed December 19 By Kevin Michael Grace Q: How do you explain gold’s big decline this month? A: I think it’s actually getting a lot of coverage, Kevin. It’s official sector selling from the BIS [Bank for International Settlements] and the Fed and some European banks. There was much talk about leasing with the lease rates going negative. People said, “We’ll pay you to borrow gold and sell it into the market place, and you can have free money, and in the meantime, we’re going to bomb the gold price.” The bombing and selling happened during Asian and European markets trading hours when there’s nobody around, which if you’re maximizing a profit, or trying to maximize a sale price, you don’t do it when nobody is around and sell thousands of contracts and have the price collapse in minutes. This is probably as orchestrated as we’ve seen it over the last 13 years of GATA following it. Read the rest of this article.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next