[arete]

I have to wonder how long they will continue to support the stock market by selling gold and buying dollars. This is a pretty big intervention and not just the FED. Maybe worries about a global crash.

Richard W.

[Soren]

It's been a hellish week to be a goldbug. First time I've felt a little queasy in the last 2 years

[LS]

Or, more likely, maybe NOBODY CARES about gold because there is nothing fundamentally wrong with the economy. Gee, that would make sense, wouldn't it? Richard, you surely can't suggest that some conspiracy has for thirty years kept the price of gold down. Except for the little blip from about 1973-1976 or so, gold has done nothing. If all you did was hold gold, you would have gone broke, many times over, paying brokers/storage fees on a metal that neither appreciated NOR paid dividends.

[Dukie]

Thanks for posting this, Richard. Sure looks like the fix was in today. There's a real whiff of deflation in the air and the CBs have the pumps on HIGH to keep the balloon up.

Yesterday I sent the link to the Poohbah to prove that this is also written about by those not selling gold.