On Monday morning Bloomberg issued a report on gold as part of its “The Dark Side of Gold†series. It's important to note this isn’t the first time the news organization has attempted a hit-piece on gold. I wrote about this a year ago and identified the cases and examples of Bloomberg’s gold bashing. The crux of the series is how gold ETFs are responsible for gold’s rise and are contributing to a bubble. It's insinuated that because the ETFs are easily tradeable, a torrent of sell orders could cause gold to fall sharply, a la 1980. Gold’s rise...
