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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: cmg who wrote (43077)	4/23/2013 6:59:28 PM
From: SwampDogg	4 Recommendations Read Replies (2) \| Respond to of 48092

he is off point on a lot of that paper naked short traders can continue to whack a market with never ending paper with no fear if they do not have to deliver and they have nobody telling them that what they are doing is against the law. they can also do this if they have the backing of the central banks how can one argue that principal firms trading bonds do not know exactly what the Fed is doing? one can argue whether it makes sense to stand in the way of that but if multiple firms all make the same BS call and then whack a market during the slowest time of the week it just plain stinks that is nothing to do with commodity markets that is more to do with breaking rules that are already in place gold may or may not be ready to fo higher but that is just plain crap the gold take down was an operation and a manipulation plain and simple. they made some money but it was not becuse they were smart it was because they were big

To: cmg who wrote (43077)	4/24/2013 9:22:15 AM
From: Mike M2	3 Recommendations Read Replies (2) \| Respond to 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.