Archive for June, 2010

Imagine gold’s price if any of this cash had gone into actual metal

Gold ETF Swells To Pass $50 Billion Milestone
By Carolyn Cui
The Wall Street Journal
Tuesday, June 29, 2010
http://blogs.wsj.com/marketbeat/2010/06/29/gold-etf-swells-to-pass-50-bi…
Amid all the market doom and gloom, the world’s largest gold fund is quietly celebrating another major milestone: SPDR Gold Shares, an exchange-traded fund backed by physical bullion, has recently surpassed $50 billion in assets.
Driven by concerns over the euro [...]

Lawrence Williams: Central banks, investment houses probably rig gold

9:40p ET Tuesday, June 29, 2010
Dear Friend of GATA and Gold:
MineWeb’s Lawrence Williams acknowledges at length tonight that the gold market is likely manipulated by a cabal of central banks and investment houses whose access to virtually money facilitates their fleecing ordinary investors over and over again as market regulators look the other way.
Williams asks [...]

Tinfoil hats are surrounding Kitco’s senior market analyst

5:28p ET Tuesday, June 29, 2010
Dear Friend of GATA and Gold:
Kitco.com, home of senior market analyst Jon Nadler, perhaps the foremost denier of the international central bank gold price suppression scheme, is becoming infested with wearers of tinfoil hats.
Of course Kitco long has published commentaries by GoldMoney founder and Freemarket Gold & Money Report editor [...]