RE:RE:RE:RE:RE:News! There is another observation I have made concerning gold . Every night as a rule gold will rise in Asian trading , sometimes by quite a lot , but as the trading moves into North America it goes back down . almost like clockwork . People laugh when you say the price of gold is controlled by the big US investment banks . But explain this . Last week Canadian heavy oil traded well below $20 a barrel . At the same time heavy oil from Venezuala was getting $67 dollars . American investment banks control everything. They know we can`t ship anywhere and they stick it to us and gutless governments like ours let them do it . Why can`t oil companies and gold miners stick up for themselves and cut supply ? Way back in the 80`s Rob McEwen at Red Lake Mine , now Goldcorp ,stockpiled production until the price went up . We could sure use more people like that .
Don`t get me going on the amount of gold that is used in electronics that is down played by the industry . They use tons of the stuff but have a campaign to convince everyone gold is a worthless holding . Remember the phrase " you dig gold out of one hole and bury it in another " . A lot like the coal lobby funding Greenpeace to go after the nuclear industry to stop them generating clean electricity and stealing their lunch .