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One Fell Swoop

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Professor Succo writes in his 8:04 AM Buzz:

Gold seems to be up to its same old pattern: creeping up day to day and then in one fell swoop gets slammed.

To me this is not natural action. I do believe that the last thing central banks which are running a negative real interest rate policy want to see is higher gold prices.

Any thoughts Laurie?


John,

Ignoring any conspiracy theories for the time being, it appears that someone is driving this market in such a way as to cause maximum pain to both bulls and bears in as short a period as possible, which may have the result of driving them out of the "game". Intentionally? Maybe.

Something appears fishy in the paper gold/silver market just looking at the price action, hence my close focus on physical prices and demand. Recent trading reminds some of the London Gold Poll disaster of late 60's. Same geopolitical mess, financial problems etc. but this time the USA is the world's biggest debtor, not creditor. Inflation is the problem and gold is the answer, and the early warning system. If gold isn't doing much or is lower then there is no inflation problem, right? Delaying the inevitable only exacerbates the price move that must come.

Owning physical gold and silver is likely an imperative in my opinion. Paper gold and silver won't do much if this situation develops over the next few years as I anticipate. I hope I'm wrong, for my kids sake.

Laurie

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