Gata explains recent movements in gold

ancona

Praying Mantis
Messages
3,370
Reaction score
0
Points
0
Location
Waaay south
:judge:This is an interesting article in GATA, explaining a possible connection between sovereign governments and recent smash downs in gold. It supposes that to get dollars, they must lease gold at negative interest rates.

A very good read can be found here:

http://www.gata.org/node/10771
 

pmbug

Your Host
Administrator
Messages
7,432
Reaction score
14
Points
193
Location
Texas
Yeah, I thought that was pretty much understood (though perhaps not explicitly stated) from the other thread where we were discussing this.
 

ancona

Praying Mantis
Messages
3,370
Reaction score
0
Points
0
Location
Waaay south
Yeah, it basically states the same thing, but I like the clear and concise delivery. It is easily understood by simple minds like mine.
 

pmbug

Your Host
Administrator
Messages
7,432
Reaction score
14
Points
193
Location
Texas
As the Euro goes down, I expect this dynamic will only get more pronounced (until the physical market takes control / the paper market implodes). The metals seem to be spiking up at the moment, but I am still expecting more downward action.
 
Top