doug said:'yes Hutch, i know "its out there", but the TruTh??? '
To which I'm reminded of the statement:
"Whoose truth, yours' or mine?"
Consider these wise words:
Who would be a poor man a beggerman, a thief
if he had a rich man in his hand
Who would steal the candy from a laughing baby's mouth
if he could take it from the money man
Cross-Eyed Mary (I. Anderson)
(Note: Original by Jethro Tull, on album Aqualung)
GATA in it's infantile wisdom has made some ludicrous claims in the past, and also in the present. Reality dictates that what should be feared the most is Truth. Not truth being found out, nor the truth that lurks behind ever news items; but the truth that gets distorted for causes and illusions of power. This is the truth that GATA lusts for. In the past we knowledgeable people on the Gold Price Monitor have witnessed the attack from Bill Murphy and hence Gata against the once wise Martin Armstrong. Because Martin Armstrong's economic forecasts predicted doom for GOLD and Japan in the past, he was ridiculed and later ostracized. But yet his fulfillment of economical dire striates came true. This makes him a target of GATA and a target of the Japanese Government. Ultimately he has ended up in Jail, and has had his money seized by the same government that GATA is seeking to fight. US Government suggests that ALL people have a right to defend themselves timely. Yet being unable to fund a defense, and drawn out for years. He is now at the mercy of other.
GATA has propounded this allege short position for years. But yet their allegations are fruitless. In the past I've personally have mentioned to Bill Murphy that YES their is/was manipulation in the Gold markets. I even pointed to the time frame, the government, and the reasons why such events have taken place. The fact that he is so clueless as to who, what and when only goes to aid in the understanding that to Bill Murphy, it's not about the GOLD but the loss of income that he must have occurred. Why is it that we public have never seen his trading record prior to GATA formation of Mr. Murphy? Even my most stanch ingrate on this thread {OLE 49r} has asked that question. Maybe his support is less then honorable?
Martin Armstrong made his predictions based on what he considered important at the time. And my analysis of Gold, although different from his, gave the same conclusion as to the direction back then. Although I speculated that the US Dollar has topped, and that a hard landing is unavoidable I also don't expect a $350+ run on gold. The world economics are not entering into a deflationary spiral as it was back in 98 when I termed the phrase: "Baby Bear" {months before my little buddy Ralph Accampora did}.
The currency markets of this world out weigh the gold markets. Gold is used many times as an over night holder of credit for such transactions. Often people mistake this as being short on the books. Information about gold shorts based on such actions only go to inflate the expectations and leads to the false conclusion of conspiracies. To have a good conspiracy; you must have a reason, none here are justified.
Hutch |
