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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To: cmg who wrote (43077)	4/24/2013 9:22:15 AM
From: Mike M2	3 Recommendations Read Replies (2) of 48092

Armstrong makes some good points however I suspect no other commodity exchange has the magnitude of "fractional reserve gold " trading 100 X paper backing the physical. I know very little about futures trading but I wonder if the exchange would allow one year of global grain production to trade in two days. It seems absurd to let paper set the price when there is essentially little physical which can be delivered. I think there are position limits. The issue raises many questions that I will look into over the weekend. I am inclined to believe the decline in gold was an orchestrated take down but I am very interested in explanations to the contrary as this will have a major impact on gold going forward.

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