The who has been well documented by GATA. We know who. It is Britain and the US (ESF) and, for some unknown reason, Deutsche Bank and the likes of Goldman Sachs, JP Morgan, etc.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
That is a good question to ask, given the past several weeks and months of a grinding decline in gold, and major new lows in gold stock indices.
Middle East Tensions
There is a saying that "old generals fight old wars." This saying applies to most analysts' erroneous grasp of the gold market.
Ludwig von Mises once wrote that economics and finance are the youngest sciences and are still in their embryonic stages of development even at this time.
With equities yielding to the pressures of an economic slowdown, the heydays of the decade-long bull market appears to be coming to an end.
To be sure we are all sick and tired of many bankers and stock brokers belittling all types of gold investments. Long years of nothing more than platitudes, cliches and glib sayings.
The termination of the 18-year-old equities bull market that we predicted for the September-October time frame is coming to pass.
Our next regular update will be on October l6th. Nothing is rotten in Denmark anymore. Danes have rejected the paper currency of a conglomeration of disparate nations.
The final phase of accumulation appears to be ending in the precious metals markets, and the prices of gold and select mining stocks should begin a sustained ascending phase in late October/early November.
On September 28, 2000 Salomon Smith Barney provided a very bullish report on gold titled, "Gold: Darkest Before Dawn?" Major pints made by the report were the following:
The evidence that there is a conspiracy to hold down the price of gold could not be more clear. It also could not be more clear that this conspiracy has begun to fall apart.
I invest in gold shares for a living. I manage a gold sector mutual fund.Despite this, I do not long for a return to the gold standard or wish to prescribe any particular solution for this or that economic ill.
You have to wonder about the thought process' of the American people and their leaders. Are they so deluded they believe this stuff?
During the last few years, unyielding bears have squandered much of their credibility vainly trying to explain why the finale of the most spectacular bull market in U.S. history was supposedly just around the corner.
The popular press would have you believe that gold has remained weak because the dollar is strong.
It is a useful exercise to revisit periodically previously written articles to determine how they have aged, with a view to determining what has proven correct in the article and what was in error.
Unbelievably, the US government has intervened the Energy Markets by releasing oil from the SPR (Strategic Petroleum Reserve), the same way a Socialist or Communist regime would do.
I confess: I enjoy daydreaming. Actually, it's at night that I do my daydreaming, in that wonderfully relaxed period between putting my head on the pillow and falling asleep.
When Achilles, the mythological hero of the Trojan Wars, was a baby, his mother attempted to make him immortal by dipping him in the sacred river Styx. However the heel by which she held him remained vulnerable.
Continuing strength of the U.S.dollar last week and hesitation before the next British auction on Tuesday led to a 0.4% easing in the dollar gold price to $272.30 an ounce on Friday.
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Nearly 40 percent of all gold ever mined was recovered from South African rocks.
