Thanks BK for that valuable info from Tulving....This is nothing new for the Metals Markets..The entire last 75 year History is full of evidence of manipulations...that is the only way Governments can keep the peoples faith in their "out of thin air" paper fiats..no no not the Italian car company...back in the 70's The London Gold pool was doing the exact same thing manipulating Gold ....until it went broke...then gold took off...Interestingly enough there is very little physical Silver Stocks, since Silver is also an indusrial Metal used in may technological applications and is used UP...The HUGE big mining projects wherein the majority of Silver is mined as a by-product, are finding their costs going thru the roof....
You are absolutely correct that paper options and especially the new ETF's are being used to drive DOWN the Precious Metals prices...I wish some people would get a brain, and STOP buying ETFs....you want Precious Metals then 'BUY THE REAL THING'....DON'T GET CAUGHT HOLDIING THE PAPER ETF BAG....If these ETFs go bust again, that's what you will get....
Gold is in a very pivital area, technically speaking...It was down almost $30 this morning...it's now only down $18 to $925...the 50 day average is about $934..IF Gold closes at or near $934 we will not have broken the Upward trend and Gold should resume it's upward trend soon....We have a chnace this afternoon as the US leading Indicators are to be announced...If they very negative, we should see a reversal DOWN for US$ and up for Gold and Silver....let's see what will happen...
This of course is related to NOT since the precioous metals effect the base metals...
IMCO
JD*
