TSL,
What a long, strange trip it's been, hey, ten years +/- to get to this launch of POG?
Speaking of Rickards, his interview with James Turk in London is well worth the time; his measured, rational style reasonates with me.
And, an oldie but a goodie: remember when Bill Murphy had nothing but rage for Dennis Gartman because of his "there is no Cartel, no shortage of deliverable gold" stance?
Well, check this from good ol' Dennis:
“Gold is strong in any and all currency terms and it is now entering that stage when prices go ‘parabolic,’” he says. Still, GARTMAN says, “we are really quite aggressively long, as usual, in non-U.S. dollar terms.” He added a new wrinkle to his long gold position late last week: “buying ‘near-er’ month gold future(s) and selling those more deferred, for if Venezuela does stand for delivery of gold and if there are any concerns about having that gold delivered, we can imagine a time when the gold futures market goes dramatically backwardated.” Venezuelan President Hugo Chavez ordered his country’s gold reserves held abroad to be returned to Caracas and/or other vaulting centers that he is more comfortable with."
Love this little side comment: "...and if there are any concerns about having that gold delivered...."
He is so very, very slick, leaving you to wonder just 'who' would possibly have what kind of 'concerns'....
regards,
Shakes
PS Thanks to you, Paul, as well as Wade, gold10K, Onepath, GST, Marcos, Paper Person, loantech, diddilysquat, Koan, hubris33, roymario, zoo york and Loneclone for hanging in there tough over the years. |
