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Tuesday, January 12, 2010

Blatant Manipulation of Gold Throuh Futures: Fed Should Be Shut Down

This illegal and blatant punishment of prudent investors needs to be stopped by the lawmakers and the people of the US. Look at the chart below (chart from goldprice.org) and see for yourself how blatant the manipulation of gold is. When everything is going for gold as an alternative investment and a flight to safety with the stockmarkets taking a much smaller hit than they should take after the terrible Alcoa earnings number pointing to the fact that the earnings expectations for the year are ridiculously optimistic as they expect 40% earnings growth for the S&P companies, somehow and through huge blocks of trades gold price is down. And in an unorderly way. Calling it again as I see it: BS!!! The Fed should be abolished and it will be if there is true transparency with the Ron Paul bill passing. However, even Ron Paul might not want to tell the whole truth about gold once he sees how bad the situation is -US being short more than 30k metric tonnes of gold, an amount equal to the claimed holdings of all central banks combined.




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