Ray Lopez

Countdown of Manipulated Gold Price Running Out

"Get gold, humanely if possible, but at all costs, get gold!" - King Ferdinand of Spain (1500)

Gold: Heading for a Trainwreck Due to Oversupply?

One thing for AU shorts to consider: why is gold volatility up when volatility in all financial markets is down? Go here: BIS Papers No 29 The recent behaviour of financial market volatility Monetary and Economic Department August 2006 Fabio Panetta (Chair) (excellent paper giving reasons why volatility is down the last decade, aka "The Great Moderation")

Could it be that volatility is coming back, reverting to the mean with a vengence?

That said, I was long in AU since 2003 but now have reduced my position by 25% (taking some profits). But I remain a gold bug.

The dollar will fall, AU will rise, but I don't expect the US government to capitulate easily on the dollar (which allows 'deficits without tears'), anymore than the Japanese government does in keeping the Yen weak. Both these countries have agendas. But the truth will out. Like Newport Mining said last year: Nov.05: Newmont Says Gold to Rise Above $1,000 as Asian Demand Outpaces Production

And central bankers be damned--they cannot stem this flood anymore than the Dutch schoolboy with his finger in the dyke.