Bill Murphy writes......From Lemetropolcafe.com:
I write a column that focuses on gold and related markets. The purpose is to be of help to those that might be inclined to invest in gold. I write this column from the viewpoint that gold has been managed for many years by a bunch of crooks that are gradually taking America down the toilet.
The crooks won their battle today. They clearly capped gold the past few days, waited for their chance to kill it on any kind of good news on the war front and promptly did so. The good news is that they were unable to do more harm to the price.
Are you happy with this crap? I am not because these criminals continually pick my pocket. At the same time, I heartily root for good war news for these special young kids that were sent to fight for the elitist bullion-banking crowd. I love them and despise those that sent them – the ones rigging the markets and creating an American illusion. Therefore, the conundrum for me.
The Chinese think big picture and let you know they rig their markets. The US thinks short-term and lies about their rigging of markets.
On that note, The Working Group on Financial Markets pulled off their stint to hold up the US stock market and prolong the agony. The DOW soared 215 to 8285, while the DOG rocked 48 to 1396.
The gold shares yawned on today’s gold bashing, barely budging. The HUI sank .91 to 119.91 and the XAU dropped .89 to 64.60. They remain screaming BUYS!!!