Dave Eriqat

The Manipulation of Gold Prices

Nice article!

Naked short selling, which is effectively what is taking place on the COMEX, is tantamount to counterfeiting, but without the hassle of actually printing up any phony documents! It’s all done electronically!

Gosh, it’s a system seemingly designed to encourage fraud. And yet this market which mostly sells phantom metal is the one allowed to set the price of real, physical metal? Are we humans insane, or what?

Dave
daveeriqat.wordpress.c.../

Deflation, Monetary Velocity, and Why Gold's a Buy

I love your “goofy” analogy with the rabbits! But I’ve never seen rabbits run around a tree trunk; squirrels, yes, but not rabbits.

Anyway, as you point out, what’s lost in all this “liquidity” pumping that’s going on is the other side of the equation: borrowing. If people don’t want to borrow – or can’t borrow because they’re in debt up to their eyeballs already – increasing the funds available for lending is utterly useless.

And if I understand your explanation correctly, once all that injected money ceases to be “comatose” and starts velocitating we’re going to see massive inflation.

Like socrateazz, I have grave fears about what Obama might do to "fix" the economy. He's already promised 2.5 million jobs in two years. The only way that can happen in this economy is through public labor, putting people to work in public works projects. I could also see him resorting to rationing and price controls, especially if global shipping doesn't get restarted soon. In case anyone hasn't noticed, the U.S. is highly dependent on a steady flow of energy, merchandise and even food arriving by ship.

Dave
daveeriqat.wordpress.c.../

Is This the Gold Buying Opportunity of a Lifetime?

While I completely agree with the fundamentals you cite in support of gold, everybody seems to ignore or underestimate how much power manipulators wield. Today it seems beyond contest that gold and silver prices are being massively manipulated, so much that it's producing bizarre consequences, such as shortages of physical metal and <i>increased<... buying in spite of a falling price!

I've been hearing for years how gold and silver are "gong to the moon," given the fundamentals. The fundamentals keep improving for gold and silver, yet they haven't even left earth yet.

Dave
daveeriqat.wordpress.c.../