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Quote from: Libertas on June 06, 2011, 12:06:30 PMYeah, that doesn't smell good to me...getting to the source means he has more leverage to manipulate and control...I don't like Darth Soros having control over squat!Seriously, I cannot stand that man, and I cannot say what I really think, but this is an ominous move IMO and one which could have major implications for just about everybody.Soros sold mostly paper holdings. You have to rememeber that not all gold on Comex is backed by physical metal. If you are investing in Gold any you aren't holding, then you better be playing manimpulation/momentum/short-term plays. Eventually the demand for the physcial metal will result in a game of musical chairs, and its best to have your chair in hand if you are going to be playing for the long haul.
Yeah, that doesn't smell good to me...getting to the source means he has more leverage to manipulate and control...I don't like Darth Soros having control over squat!Seriously, I cannot stand that man, and I cannot say what I really think, but this is an ominous move IMO and one which could have major implications for just about everybody.
Who is Tyler Durden? Zero Hedge is interesting and thoughtful but I can't find information about the authors.What am I missing?
SINGAPORE, June 22 (Reuters) - Gold edged down on Wednesday ahead of the outcome of a U.S. Federal Reserve meeting, ... * The Fed is expected to cut its growth forecast for 2011, but Fed Chairman Ben Bernanke probably will continue to arguethe slowdown is temporary.
...focus for the moment has turned to the Wednesday afternoon conclusion of the Federal Open Market Committee meeting and Fed Chairman Bernanke's press conference following the meeting.
[blockquote]Quote...focus for the moment has turned to the Wednesday afternoon conclusion of the Federal Open Market Committee meeting and Fed Chairman Bernanke's press conference following the meeting. [/blockquote]
Comex Gold Drops Below $1,500.00 in Late-Session Selling Spree24 June 2011, 01:29 p.m.By Jim WyckoffOf Kitco Newshttp://www.kitco.com/(Kitco News) - August Comex gold futures dropped sharply lower in late-session U.S. trading Friday, with prices dropping below pyschologically important support at $1,500.00. Prices had hit a low of $1,498.50 as of this writing. A firmer U.S. dollar index and weaker crude oil prices in late trading Friday added to the bearish sentiment in gold. Near-term chart damage has been inflicted in gold futures late this week as a five-month-old uptrend line on the daily bar chart has at least temporarily been negated as prices also closed at a technically bearish weekly low close on Friday