Good Morning E-Gold List, Just in case you may not have seen- that Nick Laird, proprietor of www.sharelynx.net Has a chart that plots average monthly gold prices and real long-term interest rates. http://www.tocqueville.com/brainstorms/brainstorms.php?id=101 The historical relationship disintegrates in 1995. The mispricing of any commodity leads to a shortage or a surplus depending on whether it has been overpriced or underpriced relative to its clearing price in a free market. Investment capital is no less a commodity than soybeans, milk, or natural gas. The systematic underpricing of investment capital is achieved by: the manipulation of the gold price. the debasement of inflation measuring statistics issued by the Bureau of Labor Statistics*, As written including Grant’s Interest Rate Observer and the Richebacher Letter. the shrinkage of supply of 30 year treasuries, and the use of derivative instruments.
I have maintained all along keep an eye on that Comex screen even if one does not have one. at the same URL above you will see a Comex screen and can study it. This chart is about how At precisely 1:57pm on June 27th, 2001, a seller dumped 100 contracts (10,000 ounces) of gold on the Comex market. a minute by minute account of Comex gold trading going into the Fed announcement at 2:15 (14:15). The trade in question took place just before 2:00 pm (14:00), and initiated the breakdown of gold. This year- Has POG broken its $300 floor, since achieving it? no not really but for a blip, because the $300 floor has been established now. How on Earth will they keep gold below $330 when the dollar now slides below 105, then 100, then 90, then 80 I Spiritually do not wish this bubble to explode effecting million of families......But how many are affected right now? In the Golden words of JPM: http://itsallinthecharts.com Which is the next best Comex screen, If one does not have a Comex screen That's it- in a Nut Shell Kind Regards Mark S. Öhberg K.I.A.C. Global Numismatics New York http://two-cents-worth.com/?107245&EG --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
