https://marketforcea...cle_081810.html
Anyone got any views on this? I find articles like this weird and nt sure if they are true.
Gold article
Started by
Tor
, Aug 21 2010 03:20 AM
1 reply to this topic
#1
Tor
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- Traders-Talk User
- 7,647 posts
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Posted 21 August 2010 - 03:20 AM
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#2
Islander
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- Traders-Talk User
- 2,551 posts
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Posted 21 August 2010 - 09:59 AM
"This is the first time in nine years that the cycle of increased selling of gold into the PM Fix has failed to bring down the price of gold. The arrogant central bankers and their bullion banking cronies are reliving their nightmare from the London Gold Pool of 1960’s, where they erroneously thought they could out-gun free market forces." Extract from art.
Remember the Hunt Brothers who thought the same thing. We all knew it was buy squeeze and when it finally failed to corner the market (looked like it might work), a good many speculators and the Hunt brothers too, got wiped out.
This could be a version of that operation. London has gotten away with its LIBOR calculations and its unverified good depositories as "faith based" funds. The possible scandal is mind boggling, it could ruin a lot of innocent investors.
Remember the Hunt Brothers who thought the same thing. We all knew it was buy squeeze and when it finally failed to corner the market (looked like it might work), a good many speculators and the Hunt brothers too, got wiped out.
This could be a version of that operation. London has gotten away with its LIBOR calculations and its unverified good depositories as "faith based" funds. The possible scandal is mind boggling, it could ruin a lot of innocent investors.
Edited by Islander, 21 August 2010 - 10:01 AM.
