ork,
Is there any doubt that there is a concerted effort to constrain gold? The fraud, manipulation, insider trading,schemes of the Fed, the blind-eye to Madoff, bailout money to foreign banks, well, its a long, long list. And yet, some doubt there is any effort to control gold.
I just laugh.
I also wonder, if a margin increase is announced, would you not expect the impact to FOLLOW the announcement? But often, with gold, that is not the case. If an equity suffered a 20% haircut, you can bet there will more selling the following day as margin calls forced overextended monkeys to sell down their positions.
And then there is timing. Option expiry next week. Hmmm, the math fits on that one.
Bernanke has a tough sell for more QE with gold setting new records, so Bernanke will just change whatever rules he needs, run whatever game he needs to run, call in as many Dollars, and in the very short term, he can wack gold.
But long term, one only needs to look at the chart. Bernanke the clown can't stop gold as long as he does what he does.
GT
TH |
