Nov 7, 2007

Bill Murphy's 'Midas' commentary posted at GoldSeek

Is this gold move a big deal? No … $1350 bid would be a big deal. Right now there is little belief, understanding, or enthusiasm over the moves in gold and silver. Most observers are looking cross-eyed at the price rises and remain clueless as to what is happening and why.

Café members who have been around for some time know exactly what the deal is … and it is so simple to comprehend … the price of gold (and silver) was artificially suppressed by a bunch of white collar, Mafia-like crooks. These bums are now losing control of their rig because they are running out of enough available central bank gold to meet the burgeoning demand.

To understand what is going on (a review has always helped me), one only need read the brilliant commentary of Frank Veneroso at the GATA African Gold Summit in Durban, South Africa on May 10, 2001. Frank nailed it, not only saying what would happen, but when. For newer Café members, here it is (the gold price was $256 per ounce at the time)...

To read the entire GATA Chairman Bill Murphy's "Midas" commentary for tonight at LeMetropoleCafe.com, headlined "Manipulation of U.S. Financial Markets Has Gone Bonkers," posted in the clear at GoldSeek, please click HERE


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