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Re: agNau post# 20280

Wednesday, 09/22/2010 12:12:02 PM

Wednesday, September 22, 2010 12:12:02 PM

Post# of 23900
What is little known or not reported is that the commercial banks forged an alliance to sell gold to keep the price down. They "promised" to sell 400,000 ounces this year by the end of September. They have a lot to sell if they are to meet that goal. They "may" not comply with their own edict. Since gold is the canary in the mine, thiis may not bode well for the economists in charge. They are currently to concerned about deflation being the downfall that they are trying to inflate the world, but only partially suceeding in the US. Would it not be appropro to see their efforts fail? But not to worry, the recession is over. We have been informed. In sither case, it will work out best for Itro.