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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: glenn_a who wrote (91323)2/6/2008 1:35:13 PM
From: Archie Meeties  Respond to of 110194
 
It wasn't the US treasury selling, it was mostly the Europeans, and the size and the price was well documented. You could have bid on the gold yourself! And no, I don't think the market was artificially manipulated. There were buyers and sellers, and when the price of gold was low, just a few more of the latter than the former.

In GATA's eyes, it's all manipulation until gold is 30k+. Once its at that level, then its a normal market, lol.

Goldbugs should be paying attention to the fact that the commodity with the highest correlation to the gold price is well off its highs and heading lower. But they're not, they're talking about conspiracy theories and m3 and other tired and worn out catch phrases.