Jim Rickards presents his hew book and talks about the real fundamentals supporting his call for the much higher price of Gold. It is the very good piece to continue our conversation about the state of the Gold market and its ongoing manipulations this weekend.
"Toby Connor provides very interesting technical view on the general markets, Commodities, Gold and Silver. Nobody can find inflation these days and his take on the final rise and bust in the general markets is very intriguing. Our own observations confirm the CRB - Commodities Index breakout and that Gold is knocking on the $1270 with huge break out to the upside after that. Supply and Demand picture provides further support to the technical observations in Gold and Silver markets these days. Where the Gold will come from in the future with China record buying continued? M&A activity will be driving the next Bull market in Gold and Silver miners."
"Gold is hitting hard on the door of $1270 after which the Gold shorts will have the "religious experience." Gold market manipulation is still ongoing, but participants becomes more desperate by the day. You can find a lot of comments these days on the number of recent "suicided bankers" and some parallels drawn to the ongoing investigations in FOREX and Gold markets manipulations. Quite a few FOREX head traders are already left the major banks or being suspended. These games can not last forever, particularly when China is buying the record amount of Gold and vaults in the West are empty now.
Paul Roberts provides us with very good observations of the mechanics of Gold market manipulations and we continue our investigation started this weekend with Eric Sprott and Dimitri Speck."