By Robin Bromby
The Australian, Sydney
Monday, October 14, 2013
http://www.theaustralian.com.au/business/opinion/whos-seeking-to-sink-go...
Occasionally it's useful
to be reminded that not everything in the metals markets revolves around
China.
That country has an
interest in lower gold prices (making it cheaper to buy up much of the
world's supply) but Beijing seems unlikely to have been involved in
"unusual" events on Friday in New York. Out of the blue, just after
the opening at Comex, there was placed a sell order
covering 2 million ounces, an order so big it triggered an automatic
10-second trading interruption (and a $US30 an ounce fall in the metal's
price).
If you were to round up
the usual suspects, your first instinct would be to pull in the Federal
Reserve and other central bankers along with the funds that do their bidding.
After all, gold is the enemy of the money printers. The more money being
created out of thin air, the more people trust those yellow bars.
There was a huge order
unloaded on October 1 too, and then we had that episode in April when, within
two hours, 13.4 million ounces was unloaded through Comex.
Someone is determined to knock the stuffing out of gold.
Join GATA here:
Gold Investment Symposium 2013
Luna Park Conference Center, Sydney, Australia
Wednesday-Thursday, October 16-17, 2013
http://gold.symposium.net.au/
The Silver Summit
Davenport Hotel, Spokane, Washington
Thursday-Friday, October 24-25, 2013
http://www.cambridgehouse.com/event/silver-summit-2013
Mines and Money Australia
Melbourne Conference and Exhibition Centre
Tuesday, October 29-Friday, November 1, 2013
http://www.minesandmoney.com/
New Orleans Investment Conference
Sunday-Wednesday, November 10-13, 2013
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
https://jeffersoncompanies.com/landing/speakers?IDPromotion=613011610080...
* * *
Support GATA by purchasing DVDs of our London
conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
http://gata.org/tshirts
Or a colorful poster of GATA's full-page ad
in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
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