Talk about complicity, the guy from Anglo blaming the banks, investment houses for the low gold price. He dismisses the talk of sales by the CB's and brags about Anglo's forward position. If anyone doubts this guy his bought, packaged, and hand delivered, he hangs himself. Could you imagine what would happen to the current rally, if this guy came out and said he was closing out his forward positions and would sell all gold at the market price. 300 dollar gold would be history, the move would be to the 340 range. Anglo is the manifestation of what is wrong with the gold market. Refocus your wrath and dollars to the gold companies, they above anyone else have the ability to move the price of gold. When opec finally got their house in order, the price of oil has increased 80% in months. Push the gold companies to get their house in order and stop working as asshole buddies with the central bankers, the investment banking houses etc, and work for their shareholders. Somehow they view a goldbug as some kind of anachronism that in their lack of sophistication can be fed any line of bullshit.
Ken |
