Thai Guru's Gold und Silber ... (Informationen und Vermutungen)

Then again:

Hi Bill,
All week long the price of Gold have been dancing around the $450 mark. The failure to break this important $450 mark and its overbought condition proves to many Gold advisors that a top must be here. What also strikes me is that so many Gold advisors are referring to April of this year. A reference to April doesn’t pass the test imo (technical picture is totally different). When you really want to make a reference then the situation of December 2002 will qualify much better. December 2002 is showing stunning parallels with today’s situation , see chart below :

(To be placed here in a bit:)

So let’s compare December 2002 with December 2004 :

December 2002 : price of Gold just broke out of a powerful Teacup formation at $325
December 2004 : price of Gold just broke out of a powerful Teacup formation at $430
December 2002 : Gold struggled for weeks in order to slash $350
December 2004 : Gold IS struggling in order to slash $450
December 2002 : So many Gold analysts were predicting a top in Gold at $350 due to its overbought condtion
December 2004 : So many Gold analysts ARE predicting a top in Gold at $450 due to its overbought condition.

Last but not least :

During the entire bull market in Gold, the most powerful rallies started when the 50 dma started its ascend at or near the 200 dma. This was the case in Jan 02, Dec 02, Sep 03 and guess what ? It just happened again in Oct 04. Can’t help but to think that a powerful blow off towards $480 is eminent. Would be fun to see the Dennis Gartman type of guys explaining their clients that they were right but the markets are wrong !
Best, Eric

The gold shares continue to trade as if gold is headed for $350. The XAU dropped 2.50 to 100.25 and the HUI lost another 6 to 218.62 and broke significant support at 220.

For a while now I have been looking for US financial markets to become roiled. The economic good news is behind us, as are the benefits from low interest rates, tax cuts and other government stimulus. On top of that the Iraq War is a nightmare. Hard for me to imagine a scenario in which the US stock market doesn’t fall in a major league way, the dollar fails to continue its downward move, and gold doesn’t take off as more and more investors want IN for a myriad of reasons.

GATA BE IN IT TO WIN IT!

MIDAS

This is going to have to be reckoned with. No way gold won’t fly as the options for the US to extricate itself from this mess gradually worsen:

Rense.com

7 Retired Top US Military:
Bush Screwed Up In Iraq
"It's a huge strategic disaster, and it will only get worse."
By Naomi Klein
The Guardian - UK
12-6-4
The Guardian (UK) talked to seven top retired U.S. military leaders and they all agree: Bush's war in Iraq is a total unmitigated disaster! Says reporter Naomi Klein "We spoke with a group of generals and admirals that included a former supreme Allied commander and a former chairman of the Joint Chiefs, and they all agreed on one thing: Bush screwed up."
It seems unprecedented to me that so many top military people would come out so strongly in criticism of a current commander in chief.
Here is what they said:
Adm. Stansfield Turner NATO Allied commander for Southern Europe, 1975-77 CIA Director, 1977-81
We are in a real mess. There are eighty-seven attacks on Americans every day, and our people in Baghdad can't even leave the International Zone without being heavily armored. I think we are in trouble because we were so slow in terms of reconstruction and reconstituting the military and police forces. We have lost the support of the Iraqi people who were glad to see Saddam go. But they are not glad to see an outside force come in and replace him without demonstrating we are going to provide them with security and rebuild their economy. I am very frustrated. Having a convincing rationale for going in gives our troops a sense of purpose. Whatever you call it, this is now an insurgency using the techniques of terrorism. With the borders poorly guarded, the terrorists come in. All in all, Iraq is a failure of monumental proportions.

Lt. Gen. William Odom Director of the National Security Agency, 1985-88
It's a huge strategic disaster, and it will only get worse. The sooner we leave, the less the damage. In the months since the invasion, the U.S. forces have become involved in trying to repress a number of insurgency movements. This is the way we were fighting in Vietnam, and if we keep on fighting this way, this one is going to go on a long time too. The idea of creating a constitutional state in a short amount of time is a joke. It will take ten to fifteen years, and that is if we want to kill ten percent of the population.
Gen. Merrill 'Tony' McPeak Air Force Chief of Staff, 1990-94
We have a force in Iraq that's much too small to stabilize the situation. It's about half the size, or maybe even a third, of what we need. As a consequence, the insurgency seems to be gathering momentum. We are losing people at a fairly steady rate of about two a day; wounded, about four or five times that, and perhaps half of these wounds are very serious. And we are also sustaining gunshot wounds, when, before, we'd mostly been seeing massive trauma from remotely detonated charges. This means the other side is standing and fighting in a way that describes a more dangerous phase of the conflict.
The people in control in the Pentagon and the White House live in a fantasy world. They actually thought everyone would just line up and vote for a new democracy and you would have a sort of Denmark with oil. I blame Defense Secretary Donald Rumsfeld and the people behind him -- Deputy Defense Secretary Paul Wolfowitz and Undersecretary Douglas Feith. The vice president himself should probably be included; certainly his wife. These so-called neocons: These people have no real experience in life. They are utopian thinkers, idealists, very smart, and they have the courage of their convictions, so it makes them doubly dangerous.

Gen. Anthony Zinni Commander in chief of the United States Central Command, 1997-2000
The first phase of the war in Iraq, the conventional phase, the major combat phase, was brilliantly done. Tommy Franks' approach to methodically move up and attack quickly probably saved a great humanitarian disaster. But the military was unprepared for the aftermath. Rumsfeld and others thought we would be greeted with roses and flowers.
When I left in 2000, General Franks took over. Franks was my ground-component commander, so he was well aware of the plan. He had participated in it; those were the numbers he wanted. So what happened between him and Rumsfeld and why those numbers got altered, I don't know, because when we went in we used only 140,000 troops, even though General Eric Shinseki, the army commander, asked for the original number.
Did we have to do this? I saw the intelligence right up to the day of the war, and I did not see any imminent threat there. If anything, Saddam was coming apart. The sanctions were working. The containment was working. He had a hollow military, as we saw. If he had weapons of mass destruction, it was leftover stuff -- artillery shells and rocket rounds. He didn't have the delivery systems. We controlled the skies and seaports. We bombed him at will. All of this happened under U.N. authority. I mean, we had him by the throat. But the president was being convinced by the neocons that down the road we would regret not taking him out.

Lt. Gen. Claudia Kennedy Army Deputy Chief of Staff for Intelligence, 1997-2000
From the beginning, i was asked which side I took, Shinseki's or Rumsfeld's. And I said Shinseki. I mean, Rumsfeld proudly announced that he had told General Franks to fight this war with different tactics in which they would bypass enemy strongholds and enemy resistance and keep on moving. But it was shocking to me that the secretary of defense would tell the Army how to fight. He doesn't know how to fight; he has no business telling them. It's completely within civilian authority to tell you where to fight, what our major objective is, but it is absolutely no one's business but uniformed military to tell you how to do the job. To me, it was astonishing that Rumsfeld would presume to tell four-star generals, in the Army thirty-five years, how to do their jobs.
Now here's another thing that Rumsfeld did. As he was being briefed on the war plan, he was cherry-picking the units to go. In other words, he didn't just approve the deployment list, he went down the list and skipped certain units that were at a higher degree of readiness to go and picked units that were lower on the list -- for reasons we don't know. But here's the impact: Recently, at an event, a mother told me how her son had been recruited and trained as a cook. Three weeks before he deployed to Iraq, he was told he was now a gunner. And they gave him training for three weeks, and then off he went.
Rumsfeld was profoundly in the dark. I think he really didn't understand what he was doing. He miscalculated the kind of war it was and he miscalculated the interpretation of U.S. behavior by the Iraqi people. They felt they had been invaded. They did not see this as a liberation.
As for the recent news about the 380 tons of explosives that disappeared, it's irrelevant when they disappeared. This was known by the International Atomic Energy Agency as a site to be watched. Here is the issue: Bush tried to turn this into a political matter instead of answering questions about why he didn't follow the warnings of the IAEA. It was another example of Bush being a cheerleader instead of a leader. Nothing in Iraq was guarded except for the oil fields, which tells you why we were there. There are any number of indications that with a larger troop strength we would have been able to deal with such sites. Here is my other concern: The IAEA gave us a list of sites to be watched, so there may have been other dumps that were looted. After all, you don't just put one item on a list.
So what do we do? I think it would be very irresponsible for us to simply pull out. It sounds like a very simple solution, but it would have some complexity and danger attached. Still, Iraq is a blood bath, and we need to be dealing with this in a much more sophisticated way than the cowboy named Bush.
Gen. Wesley Clark NATO supreme Allied commander for Europe, 1997-2000
Troop strength was not the only problem. We got into this mess because the Bush administration decided what they really wanted to do was to invade Iraq, and then the only question was, for what reason? They developed two or three different reasons. It wasn't until the last minute that they came up and said, "Hey, by the way, we are going to create a wave of democracy across the Middle East."
That was February of 2003, and by that time they hadn't planned anything. In October of 2003, Donald Rumsfeld wrote a memo asking questions that should have been asked in 2001: Do we have an overall strategy to win the war on terror? Do we have the right organization to win the war on terror? How are we going to know if we are not winning the war on terror? As it has turned out, the guys on the ground are doing what they are told to do. But let's ask this question: Have you seen an American strategic blunder this large? The answer is: not in fifty years. I can't imagine when the last one was. And it's not just about troop strength. I mean, you will fail if you don't have enough troops, but simply adding troops won't make you succeed.

Adm. William Crowe Chairman of the Joint Chiefs of Staff, 1985-89
We screwed up. We were intent on a quick victory with smaller forces, and we felt if we had a military victory everything else would fall in place. We would be viewed not as occupiers but as victors. We would draw down to 30,000 people within the first sixty days.
All of this was sheer nonsense.They thought that once Iraq fell we'd have a similar effect throughout the Middle East and terrorism would evaporate, blah, blah, blah. All of these were terrible assumptions. A State Department study advising otherwise was sent to Rumsfeld, but he threw it in the wastebasket. He overrode the military and was just plain stubborn on numbers. Finally the military said OK, and they totally underestimated the impact the desert had on our equipment and the kind of troops we would need for peacekeeping. They ignored Shinseki. The Marines were advising the same way. But the military can only go so far. Once the civilian leadership decides otherwise, the military is obliged.
There is not a very good answer for what to do next. We've pulled out of several places without achieving our objectives, and every time we predicted the end of Western civilization, which it was not. We left Korea after not achieving anything we wanted to do, and it didn't hurt us very much. We left Vietnam -- took us ten years to come around to doing it -- but we didn't achieve what we wanted. Everyone said it would set back our foreign policy in East Asia for ten years. It set it back about two months. Our allies thought we were crazy to be in Vietnam.
We could have the same thing happen this time in Iraq. If we walk away, we are still the number-one superpower in the world. There will be turmoil in Iraq, and how that will affect our oil supply, I don't know. But the question to ask is: Is what we are achieving in Iraq worth what we're paying? Weighing the good against the bad, we have got to get out.

Gold minus 15 Dollar!

Silber hat´s noch schlimmer erwischt:

... und hier mal was Positives:
Gold MINI Short NL0000447191 / ABN4LV: +57,96% (auf Wochenbasis, heute nur +47,6 %)
Kennzahlen
Finanzierungslevel: 485,01
Stop Loss Marke: 460,00
Hebel: 8,90

Silber MINI Short NL0000212280 / ABN0FF: +86,67% (auf Wochenbasis, heute nur 62,8 %)
Kennzahlen
Finanzierungslevel: 8,96
Stop Loss Marke: 8,50
Hebel: 3,82

Am schnellsten und meisten verdient man bei fallenden Märkten.

Kopf hoch und viele Grüße von einem, den's auch erwischt hat

extrel

Was geht denn heute ab?(

Hat die Buba ihr Gold verscherbelt?

oder..........

Ein Foto mit Schröder ist in China Gold wert
Mittwoch 8 Dezember, 2004 13:30 CET

- von Daniela Vates -

Changchun (Reuters) - Mit seiner Routinereise nach China hat Bundeskanzler Gerhard Schröder gut 40 Unternehmer glücklich gemacht.

"Wir danken auf Knien für diese Reise", freut sich ein Mittelständler nach zwei Tagen im Schlepptau des Kanzlers. "Ein Bild mit dem Bundeskanzler an der Wand öffnet hier Türen. Das ist mit Geld nicht zu bezahlen." Klar hat die Bundesregierung die Pflege der Wirtschaftsbeziehungen in den Vordergrund der Kanzler-Reise gestellt: Schröder legt Grundsteine, eröffnet Fabriken und schüttelt bei Vertragsunterzeichnungen Hände. China gilt als interessantester neuer Markt: Günstige Arbeitskräfte gibt es hier, einen Modernisierungsboom mit lukrativen Großprojekten und mit 1,3 Milliarden Einwohnern viele potenzielle Kunden.

Noch ist Deutschland Chinas wichtigster Handelspartner in der EU. Doch ausländische Regierungsdelegationen geben sich in schnellem Takt die Klinke bei Regierungschef Wen Jiabao und Präsident Hu Jintao in die Hand, die ihre Besucher in der Großen Halle des Volkes am Platz des Himmlischen Friedens in Peking empfangen - mit einem stetigen Lächeln und vor Wandbildern mit chinesischen Landschaften unter rotem Himmel.

Die wachsende internationale Konkurrenz macht sich auch für die Unternehmen bemerkbar, die bereits seit Jahren in China Fuß gefasst haben. Volkswagen-Chef Bernd Pischetsrieder machte dies bei der Einweihung einer neuen Produktionsstätte in Changchun im Nordosten des Landes deutlich: "Wir wollen unsere führende Position verteidigen, auch wenn der Wettbewerb in China inzwischen in gleicher Weise wie in anderen Märkten zu bestehen ist." Angriffe kommen nicht nur von ausländischen Konkurrenten, sondern auch aus China selbst: Als eines der größten Probleme bezeichnen deutsche Unternehmer den Technologie-Klau. Erst vergangene Woche hatte es Berichte über einen Spionageversuch chinesischer Ingenieure bei einer Transrapid-Wartungsstation in Schanghai gegeben. Der Schutz des geistigen Eigentums müsse gewährleistet werden, betonte daher Schröder.

Schröder hat auch ein politisches Interesse daran, die Beziehungen zu China zu pflegen: Er braucht Chinas Unterstützung als ständiges Mitglied im UN-Sicherheitsrat, damit Deutschland bei einer UN-Reform selbst in diese Position aufrücken kann. Der Einsatz des Kanzlers für die Aufhebung des EU-Waffenembargos sei von allen sonstigen Interessen unabhängig, wird in der Regierung betont. Das Embargo passe "einfach nicht mehr in die Zeit".

Um deutlich zu machen, wie umfassend das Interesse der Deutschen ist, fügte der Kanzler, der auf Reisen sonst meist von Konferenz zu Fabrikeröffnung zu Vertragsunterzeichnung jagt, dieses Mal auch kulturelle Programmpunkte ein: In einer Galerie auf einem ehemaligen Industriegelände besichtigte er Werke zeitgenössischer chinesischer und deutscher Künstler.

Auch nach Deutschland richtete der Kanzler eine Botschaft. Es sei "Ausdruck eines richtig verstandenen Patriotismus", wenn er sich im Ausland für die deutsche Wirtschaft einsetze, verkündete er in Richtung der über die deutsche Leitkultur debattierende CDU und CSU. Darüber hinaus seien Investitionen deutscher Unternehmen in China auch hilfreich für Deutschland. "Was hier an Möglichkeiten geschaffen wird, hilft Arbeitsplätze in Deutschland zu sichern." Auch und gerade mittelständische Unternehmen müssten sich jetzt "internationalisieren, um weiter Erfolg zu haben".

Die Bedeutung von Fotos, die die Wirtschaft in China so zu schätzen gelernt hat, wurde dem Kanzler von Ministerpräsident Wen Jiabao persönlich nahe gebracht. Dessen Geschenk für den Gast aus Deutschland war ein Foto der beiden Politiker. "Das ist ein Familientreffen", freute sich Wen.

08/12/2004 14:20:00
Gold Collapses

A recovery in the US dollar prompted profit-taking in gold and silver as US traders added to earlier losses seen during European trading hours. Gold collapsed to a low of $435.35 - a massive fall of nearly $13 - while silver shed 83 cents to a low of $6.98. Whilst the market had expected a year-end correction might be in order, the speed and scale of the fall will certainly have caught some traders wrong-footed with the triggering of stops accelerating the decline. Silver felt the brunt of the spec. long liquidation shedding nearly 10% in just a few minutes while gold lost about 3% on the day so far.

It remains a moot point whether the handbagging of the recently launched gold ETF on the New York Stock Exchange may have contributed to the decline. We have been advised that as much as 15 tonnes of gold in the ETF were sold last night after what one analyst we spoke to suggested was "a fowl attempt by a rival to raise ill-founded concerns about the product." You might think that but we couldn't possibly comment.

Ross Norman
TheBullionDesk.com

Bullion Desk verschärft die Auseinandersetzung mit Turk/GATA, indem sie die negativen GATA-Kommentare über den amerikanischen ETF mit dem Goldpreisabsturz in Verbindung bringen. Gestern nacht wären 15 Tonnen vom ETF verkauft worden.

Ulfur,

wer kauft denn mal so eben in der Nacht 15 Tonnen Gold!!! Ist ja auch nicht von Pappe

Mahendra und J.Mackanzie haben in ihren Börsenbriefen,einen Aleart gesetzt,das damit zu rechnen sei,dass das Gold in den nächsten 72 Stunden einem starken Anstieg bevor steht.Eine einsetzende hohe Volatilität ist doch eigentlich gar nicht so schlecht.Was stark fällt,kann auch stark steigen.

wo geht die reise hin?

Ich wette, noch kräftig weiter abwärts.

Die üblichen Papier-Spielchen des Papiergeld-Kartells.

Vermutlich werden die Herrscher der Comex, nämlich die short-positionierten Großbanken, in den nächsten Tagen ihre konzertierte Push-Down-Aktion weiterführen. Die Hedge-Fonds werden darauhin computergesteuert nach Durchschlagen von Chart-technischen Werten eine Verkaufsorgie nach der anderen vom Stapel lassen - und die Großbanken können ihre Short-Positionen günstig eindecken.

Ich Schätze, irgendwo im Bereich 5,50 - 6 Dollar ist dann damit Schluß.

Und dann: auf ein Neues!

schuldenblase,

wenn ich mich richtig erinnere,sind die endscheidenen Marken

beim Gold ca. 385 Dollar

beim Silber ca. 5,90 Dollar

sollten diese durchbrochen werden,geht`s direkt südwerts.

Volatilität ist doch gut für den/die Märkte.Setzt doch richtig Potenzial frei.
Musst allerdings richtig positioniert sein

Grüsse

Kalle

Wurde auch endlich Zeit, dass Silber ordentlich Luft holt. Ein bisschen wird es noch bergab gehen und dann kanns weiter kräftig bergauf gehen.

Schön, dass man hier im Forum kein grosses Gejammer hört.

Smartie

"Schön, dass man hier im Forum kein grosses Gejammer hört."

[Blockierte Grafik: http://www1.quolia.com/dekoboko/tenji_photo/l_watercolor.jpg]

Ohhh, ohh, oh. nein!!! Wir hören die Trompeten von Jericho!


gogh

wie immer, auf seine art ernst

@ Ulfur

ja nicht reagieren ! Sich nicht verrückt machen lassen und ruhig abwarten. Künstliche Korrekturen haben kurze Beine !!!!

Höchstens die Gelegenheit nutzen um nachzukaufen.
Das sind meine Gedanken und danach handle ich !

Gruss von der Alp

Für all die, denen der kurzfristige Sell-Off den Blick vernebelt und in die Bärenfalle tapsen:

http://www.godmodetrader.de/ne…alle.php?ida=195665&idc=8

December 8 – Gold $436.80 down $14.70 – Silver $7.08 down 74 cents

BOMBSHELL! World Gold Council’s ETF Dumps 15 Tonnes Of Bullion Right BEFORE Price Collapse

"Oh, what a tangled web we weave/when first we practice to deceive." – Sir Walter Scott

GO GATA!

If there ever was a sequence of events to prove GATA’s importance, it is what we are witnessing at the moment. Let’s get right to it! This email from a Café member corporate executive came to me early last evening:

This smells to high heaven!

StreetTRACKS inventory went down by 15 tons in a fairly even gold market. I would guess they used it to slow the gold rise!

Lassonde sold almost all of his NEM shares JUST BEFORE the downward gold share push. He is also on Bush's economic advisory board, so he is in the know about the gold cartel timing. Shouldn't he be visiting with Martha Stewart for this move?

I'd move to Canada if I didn't hate the cold!
Bix

Bells, whistles, and alarms went off when I received that email. Not quite understanding exactly how this ETF works and where the ETF report came from, I circulated the email to colleagues to verify its veracity. Before I received responses, this Reuters gold report surfaced this morning:

LONDON, Dec 8 ( Reuters ) - Gold slid sharply in Europe on Wednesday, losing more than $7 at one point, as investors bought the dollar and sold commodities into the year-end.

Traders also noted a hefty drop overnight in the quantity of gold held in trust on the new U.S.-listed gold exchange-traded fund (ETF), which did nothing to help sentiment.

The U.S. ETF jumped from 103 to 88 tonnes overnight so somebody dumped a whole load yesterday and rather set the tone for today.

-END-

Further details surfaced from a fellow Café member:

Bill, Thought you out to know that StreetTracks is showing re GLD a decrease of 15 tonnes in the Total Net Asset value tonnes in the Trust from Dec 6 to Dec 7 as of 4:15 P.M. Have no idea what it means, but thought you should know.

http://streettracksgoldshares.…/value/gb_value_usa.php#2

Total Net Asset Value Tonnes in the Trust as at 4.15 p.m. NYT

Dec 6, 103.56 Dec 7, 88.02

-END-

From the World Gold Council’s own propaganda, this fund is supposed to "track" the gold price." So why did they sell 15% of their bullion in a quiet market? Another gold market coincidence? Whether a fluke or not, this screaming red flag re the WGC ETF corroborates GATA’s worst fears about this clandestine entity and more than fully validates our public airing of the subject.

DJ Fall In StreetTRACKS' Stock Encouraged Gold Slide - Trade

--------------------------------------------------------------------------------

Wed Dec 08 12:39:57 2004 EST

LONDON (Dow Jones)--The 3.5% fall in the price of spot gold Wednesday may have been encouraged by the sale of 15% of the gold held by the StreetTRACKS exchange-traded fund, or ETF, analysts in London said.
The total net asset value of gold in the trust stood at 88.02 metric tons Wednesday against 103.56 tons Tuesday.

Gold fell to $436.90 a troy ounce at the London fix Wednesday afternoon against $451.80/oz Tuesday afternoon.

While most participants agree the market was primed for a slide - in light of an overbought technical picture and a bounce for the dollar - they also believe the fall in tonnage in the StreetTRACKS trust was responsible for some of the selling.

The fall in the StreetTRACKS tonnage highlights the expectation by holders of the shares that the share price and price of gold is set to fall, said an analyst.

"It hasn't helped sentiment," said Kamal Naqvi, precious metals analyst at Barclays Capital.

StreetTRACK gold shares were launched Nov. 18 on the New York Stock Exchange to track the price of gold. Each share represents one-tenth an ounce of gold.

In the first week of trade to Nov. 26 the trust built up a total net asset value of just over 100 tons, but since then this remained virtually unchanged until the decline Tuesday.

Over the same period the share price for the fund has also remained steady, closing Tuesday at $45.11 compared with the close on the first day of trade at $44.38. At 1626 GMT Wednesday the shares were trading at $43.62.

"Gold was primed for a correction but it seems to me an interesting correlation that the StreetTRACKS tonnage fell at the same time," said Philip Klapwijk, managing director of GFMS Ltd.

The StreetTRACKS Web site says the tonnage in the trust for Wednesday will be updated between 1615 and 1630 EST.

-By David Elliott; Dow Jones Newswires; (4420) 7842 9411; david.elliott@dowjones.com -END-

A review of all of this ETF commotion:

*The WGC ETF buys 100 tonnes of gold, yet it barely moves the market.

*The gold price advances are capped each day to $2 and $3 at a pop for the most part.

*During this time and especially this past week, gold in foreign currency terms loses ground with gold in euros falling from 344 to 335 and change.

*This new buying seems to have little effect on the price of gold even though the international gold market is firm as can be to start with.

*For many weeks GATA and the GATA ARMY raised concerns the new ETF entity has set itself up to be a tool for The Gold Cartel, or worse, an active ally of cabal forces.

*Fervent supporters of the new entity are vociferous about it being one of the most important positive gold events in 30 years.

*GATA says it would love that to be the case; however, the way the World Gold Council structured the entity left too many questions unanswered, exposing vulnerability it could be used to hurt the gold price at strategic moments, not help it.

*James Turk has queried publicly why the SEC approved this vehicle when it did without demanding the same safeguards it has required from other entities in the past. As Café members and the GATA camp know, James, a former Chase banker, is extremely thorough in his work. James’ suspicions have raised a brouhaha as a result of him publicly airing his valid concerns.

*Now, last night we find out the WGC ETF dumps 15 tonnes of gold in a quiet market and then gold is slaughtered the next day.

*This peculiar 15 tonne drop in the ETF’s TNAVT (Total Net Asset Value Tonnes) validates James Turk’s basic assertion that the WGC’s ETF assets have to be audited to have any credibility.

You be the judge of what has occurred!

Talk about an outrage! Thebulliondesk.com does not allow commentary by GATA and James Turk on its website, yet goes all out to attack us and then allows us to be criticized by detractors for what we have to say (which is not allowed to be aired to TheBullionDesk.com’s readership):

http://www.thebulliondesk.com/…mp/AnOpenLettertoGATA.pdf

In the meantime I don’t think I have seen TheBullionDesk’s Ross Norman editorialize more than a few times over the past years. Yet, he has done so twice in two days, both related to this WGC fund, James Turk and GATA. This is his latest:

http://www.thebulliondesk.com/ReportItem.aspx?Code=collywog

Clearly, he must have realized what a BOMBSHELL this 15 tonnes of selling by the WGC fund prior to the gold collapse is and how shady it appears to be. Was the gold even there in the first place? Did James Turk’s or GATA’s public queries panic the World Gold Council into making an adjustment of phantom inventory? This editorial by Norman is a preemptive effort to defuse the obvious and then blame the GATA camp for causing the selling.

This guy must truly be a banana head as to his assertions the GATA camp caused the major selling. Ah, to have such power! I am long the market as are most of the GATA camp. It would be one thing if I was publicly predicting a massive correction (like almost everyone else). However, this is not the case. I have remained a lonely steadfast bull above $450. James Turk has been in the short-term bullish camp too. What TheBullionDesk has done here is both dishonorable and a disgrace. It is also another example of our lack of freedom of the press when it comes to gold and how corrupt the gold market really is.