Ron,
<<The only reason the price of gold is where it is now is due solely to the actions of the European Central Banks in
launching an attack on the US currency and perceived marketbubble, using the POG as its weapon.>>
Your comments about relying on the manipulation of the gold market, could apply to so many other markets, they are almost meaningless.
The DOW "average" is being manipulated (via a few stocks) to give the appearance of a healthy market. That's a big part of the problem - the practice of economic deception has grown to an art and science, like no other period in history (thank the internet for that).
So, here we are ...... the DOW being manipulated high (so all is well) and gold low (so all is well) ..... it's just a big scam, nothing more.
Had these elements been allowed to seek their own levels, we likely would have a healthy 5500-6000 Dow and a healthy 400/oz price of gold. But no, greed and hubris (as is usual, historically) enters the equation, and we get these skewed conditions.
AG did not do his job.
The next while will be interesting.
Best to you,
MB |
