GOLDBUGS AMEX Goldbugs Index (GOLD)

[al44]

I cut and pasted the whole paragraph. Notice the last part where gold may be coming from England. It's from Jim Willie

.......al


The laws of Supply & Demand have not gone away. Yet we have grand disparities to pressure price structures. A) The supply of USTreasury Bonds is huge, yet yields are low and price is high. That is ass backwards. B) The creation of truly vast sums of USDollars is huge, needed to pay for the bond swaps, bailouts, stimulus packages, and nationalizations. Yet the USDollar index rises, due to liquidations and payouts. That is ass backwards. C) The demand for physical gold and silver is huge, motivated by crisis, yet their prices are determined by corrupt paper pricing systems. That is ass backwards. Soon, all three stresses on price structures will be addressed. A strange day occurred on Monday. Gold was down hard, the euro currency was down a little, but the pound sterling was down 500 bpts. Some attributed it to lousy economic news in England. Not completely so! Another factor might be at work. A clearer perception of a struggling UK Economy would not take down the gold price. My sources tell of possible shipments of gold from England to the US-based COMEX, in order to satisfy gold demands for delivery. It is hard to verify. Time will tell.