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Re: risk on post# 2912

Tuesday, 08/07/2012 6:24:58 PM

Tuesday, August 07, 2012 6:24:58 PM

Post# of 5870
CALVF - Gold 2012 Roadmap Chart -



Gold is likely completing a major basing process, which has
taken nearly a year.

Generally speaking, the bigger a base is, the bigger the next
phase of the bull market will be.
"Smart money" commercial traders continue to buy most of this
price weakness.


Bullion banks shedding shorts ahead of price explosion, Turd Ferguson says
Submitted by cpowell on Sat, 2012-08-04 14:58. Section:
Daily Dispatches
10:58a ET Saturday, August 4, 2012

Dear Friend of GATA and Gold:

Interviewed for GoldMoney by the economist Alasdair Macleod,
gold and silver market letter writer Turd Ferguson remarks
that recent declines in gold and silver have been manufactured
to help relieve bullion banks of their short positions,
a
development he thinks will soon will lead to an explosion
in prices.


While recommending continuing acquisition of the monetary metals
-- real metal in hand -- Ferguson warns against short-term
trading in the metals because their markets are so manipulated.

Ferguson believes that "the great Keynesian experiment" in
fiat money is ending and will be replaced with some
form of gold backing for currencies.


The interview is 27 minutes long and is posted in audio
format at GoldMoney here:

http://www.goldmoney.com/podcast/turd-ferguson-and-alasdair-macleod-on-t...

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