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Message: More on Gold Manipulation

More on Gold Manipulation

posted on Mar 01, 2009 07:57AM



Over on The Gold Report site, Sascha Opel, publsher of a very popular German/European newsletter on commodities and junior mining and exploration companies makes a point during a recent interview supporting gold manipulation. Looks like the word is getting out to more and more people. Works for me.

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http://www.theaureport.com/pub/na/2289

TGR: What factors should investors look for as a signal for gold to "take off?" What factors should investors be looking for that gold has peaked? Should we expect gold to peak in 2009?

SO: I am absolutely convinced that we will not peak in 2009! I believe that the price of gold is manipulated. I believe that we will go over US$1,200 by the end of 2009, but I am not sure if we can defend that level. The establishment surely will do something so that the price will not go too high in too short a time. In looking back at the rise of gold from $35 to $850 during the ‘70s, the former Fed Chairman Paul Volcker said, "It was probably a mistake to allow gold to rise so high.” And Volcker now is on the Obama-Team! We will not have a peak like 1980, but gold will rise constantly. Buying on dips like in autumn 2008 is the best strategy, in my opinion. Perhaps sometime later (in a few years, but not ‘09) gold will start to move US$50 or US$100 for some days in a row to US$2,500 or more. Then I would sell or hedge some “virtual” gold over the markets (futures, ETFs, short-certificates etc.), but I would not sell the physical stuff!











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