'Lo Bobby,
Funny, ain't it, that the World's debt bubble is bursting with dire consequences for the masses in Asia and, due to ripple effect, possibly many in Africa & So. America, yet POG declines.
Could it be that, as A. Greenspan said back in the early '80s would have to be done to restore dollar confidence, that the Feds are selling gold from U.S. Treasury, to keep gold's volatility to near zero to convince the market that there's no trading profit potential in gold?
Listening to the guys who make policy and have the clout to make that policy stick is the best way to understand, and profit by, markets.
Greenspan said in print that gold's trading range must be reduced to zero. In print he said he spelled out that U.S. Treasury gold holdings would be bought, or sold, according to need. Its absurd to think one can beat the guy who makes the rules and, to boot, has $billions to enforce his rules!
RH |
