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Want to see what market intervention looks like? Look at this chart of gold yesterday. The dollar was down big, oil was up over $2.00 and commodities in general were higher, a very bullish mix for gold. In 60 seconds gold dropped $12.00 on no news that would warrant such a bombing of gold. This was a message from the Masters of the Universe to stay away from gold as an alternative to US dollar. I have been watching this blatant (and criminal) market intervention for years, but I have never seen it so obvious. It always happens during New York trading hours, usually around 10:00am. Something must be really wrong out there if they have to punish gold like this. Makes me want to buy some more gold.-Lou
Tuesday, May 19, 2009
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