Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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From: Wade	3/28/2010 11:48:59 AM
	1 Recommendation Read Replies (1) of 48092

gata.org "As dramatic as this revelation was at the CFTC hearing, there was another bombshell at the hearing. This was the testimony I was able to deliver at the hearing while assisting Harvey Organ with his testimony. I was able to show that the London Bullion Market Association (LBMA) over-the-counter gold market is nothing but a massive "paper gold" Ponzi scheme. What was then astonishing is that the bullion bank apologist, Jeffrey Christian of CPM Group, who has always been staunchly against GATA, endorsed my comments as being "exactly right" and went on to confirm that the LBMA trades more than 100 times the gold it has to back the trades." It took so long for Jeffrey Christian to say that. You can see that those highly paid analysts aren't necessarily did their jobs for your interest. Many of them just pretended to be neutral or just wanted to be a "contrarian". But, I am glad to see this big change. <G> but it appears that he is not concerning physical deliveries, which is puzzling...again.

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