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vox kadavergehorsamkeit
Member since May 2012
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Research: Gold Acts As A Safe Haven Against USD And GBP - Mark O'Byrne - gold.ie

By and large i agree with your comment. But it does contain a particular notion that you have noted on several occasions which does not seem to fit the facts. You have asserted that "There is no such thing as a herd of predators...." If we do not get hung up on the word ''herd'' and merely think of a group of animals working together, then nature provides us with many examples of predatory animals doing just that. Packs of coyotes or grey wolves readily come to mind. Lions will hunt together, as will certain hawks, orcas, chimpanzees and even army ants.
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If the masses are not reading articles on the PMs, given the rather poor quality of many of them with their factual errors, unsupported and unsupportable assumptions, twists of logic and ignorance of economic history, it may not be such a bad thing. The typical article states that things are as they should be when the metals are going up and when they aren't, it is never because the author got things wrong, but because the market is manipulated. And we are encouraged to put our money into a manipulated market. Believe me, that has to be one of the poorest reasons ever conceived to get into gold. Any of the masses reading something like that about a market they are considering getting into is going to lose interest quickly. Most folks are looking for something that is reasonably safe and the idea of getting into a market that is rigged by those with virtually bottomless pockets is not most folks notion of a smart thing to do. The less the gold community focuses on conspiracy theories and more on the good, solid reasons for owning gold, the sooner will we see demand increase....This is not to say that the PM markets are not being manipulated, for they, like every other market, are. It happens every time a buy or sell order is executed. But please, the articles that bitch and moan about the nasty manipulators do nothing but drive away potential investors. So it is good that the masses are not reading the mostly poor quality analysis being fobbed off on us by third rate minds trying to sell us on over-priced subscriptions and to buy our gold or silver from their mom or the very friendly agents just waiting breathlessly to take our calls at Miles Franklin.

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Beginning of the headline :Today’s AM fix was USD 1,374.50, EUR 1,028.59 and GBP 880.30 per ounce. Yesterday’s AM fix was USD 1,370.50, EUR 1,027.28 and GBP 879.60 per ounce. Gold climbed $7.20 or 0.53% yesterday, closing at $1,374.60/oz. Silver rose $0.13 or 0.57%, closing at $23.05. Platinum surged $29.34 or 1.9% to $1,535.74/oz, while palladium climbed $10.85 or 1.5% to $752.35/oz. Gold is flat on the week after a near 5% gain last week. Gold is well bid in Asia with volumes and premiums remaining robust which will s... Read More

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