I have to agree goldfinger. I am not a "to the moon" type guy like axstone, but I still think the guy has some thoughts that are right on.
This move on gold today was planned. Keep in mind, in this time of liquidity and solvency issues, the fed does not want your money in gold or commodities. They want it in securities or at the very least in the bank so that the leverage mania can continue.
Keep in mind that every dollar on deposit gives the traders at least 10$ worth of buying power.
Hope I dont get branded a GIM groupie, but the manipulation is obvious IMO.
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I have to agree goldfinger. I am not a "to the moon" type guy like axstone, but I still think the guy has some thoughts that are right on.
This move on gold today was planned. Keep in mind, in this time of liquidity and solvency issues, the fed does not want your money in gold or commodities. They want it in securities or at the very least in the bank so that the leverage mania can continue.
Keep in mind that every dollar on deposit gives the traders at least 10$ worth of buying power.
Hope I dont get branded a GIM groupie, but the manipulation is obvious IMO.
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