Replies to post #10658 on Mostly: Classical

[Frank Pembleton]

BD ... the problem with Embry is that he's in an unenviable position of having to be a true believer-- and it's really for two reasons:
1) he's mandated by the mutual funds prospectus to be long and only long precious metals and equities that are levered by precious metals (which is why he doesn't like base-metals)
2) The ROBtv appearances aren't done out of charity of his own heart for the huddled masses, to avoid redemptions he needs to sell, sell, sell and sell some more.

To sum up-- I don't know whether Embry's a clown, heck, I'm not even sure he believes in the Austrian school of economics...? But, we can agree the man has a conflict of interest when it comes to selling the concept of his fund.

Maybe he's not a clown, but he's certainly a marionette of his own profession.

[lvlamb]

'scuse me Dan, references date from 2000 and 2001. If you look at the chart, this was the bottom.
Talking of price suppression when an ounce sells $250 is one thing.
Using the same 2001 arguments to prove a price suppression today in 2004 while an ounce has risen 60%?

FYI, this was the chart published in 2000 by the GFMS, shacky and suspicious.
Today gold is outside the chart, above.
The Trade Wheighted Dollar is outside the chart, below.