Don't Bite The Hand That Feeds You

[jim1234]

Dear Comrades In Golden Arms,

The following is the latest from Jim's Mailbox:

Jim,

Two rumors are starting to move around through the gold chat rooms. I wanted to give you a heads up so you can be prepared to quickly inform the community about them as you see fit. Both rumors have potential to shock weak gold holders into selling.


1. Volcker replaces Timmy. This could lead to a kneejerk gold selloff (based on the past) and equity volatility in both directions.
2. A gold exchange traders fund may have been holding bogus gold bars which have been fabricated by China. This piggybacks some phony Chinese gold coins that have shown up through an article in coin world. This would supposedly cause a selloff in GLD, therein frightening the community.