September 11 – Gold $742 down $17 - Silver $10.53 down 33 cents
Classy Dennis Gartman Wins His Bet
A retread MIDAS quote from August 6, 2004 with gold less than $400…
"We need only take our heads out of the sand to see clearly that interventionism not only has failed to provide the promised something-for-nothing, but has led to all sorts of undesirable consequences. Indeed, many are just beginning to realize that we are moving towards disaster even though we have been on a wrong heading for decades." … Leonard Read
GO GATA!
Nightmare is not descriptive enough to describe what The Gold Cartel is putting us through. That said, life is good … unless you are on margin.
My debate with Tim Wood was much fun. He is a handsome, polished South African fellow and deserves a lot of credit for defending the indefensible, which is why he failed to address the points I made in my opening GATA statement.
Here is a funny. I was allotted 10 minutes for my opening pitch. As Al Korelin noted, who did a superb job as moderator, I went over my allotted time limit for the first time he could ever recall. As Tim W was precise ... 12 minutes and 21 seconds. Weird, I actually timed my presentation. But, that was before Chris P told me to not talk too fast.
At the end of the debate, the first person to come up and shake my hand was my friend and GOLD BUG ANTAGONIST, Dennis Gartman. I quickly thanked him and said it looked like I was going to lose my bet with him (a dinner for 4) that gold would hit $850 before it traded $750 … 30 minutes later my bet was lost. Up on the stage I told Dennis to take out a couple for dinner and send me the bill, or we could get together at the next conference, which he said he preferred. So be it … yet what a quick bet loss! I would have been better off hanging out at the casinos here in Vegas.
As nutty as I am, I am actually a very private person, but … after some thought and to quell rumor stuff … I found out late Tuesday afternoon that I have old fart’s disease, prostate cancer. That was the bad news. The good news is that out of 12 plucks in my butt in the biopsy, they found less than 1 millimeter of cancer in just one of those plucks and the doc said we found it so early that it is curable. Thus, The Gold Cartel is going to have to put up with me for a long time to come. 
Now back to my ornery self. How can anyone that is less than half brain dead not understand the extent of what General Paulson is doing with his massive intervention program?
The worse the state of affairs is divulged in the US, the more the dollar goes up and gold goes down … WHILE the PPT does all they can to keep the DOW from catering.
The DOW opened down 100, but at post time, it is up on the day … as more and more financial firms like Lehman and Washington Mutual disappear.
PRICE ACTION MAKES MARKET COMMENTARY :
The Muppets’ explanation of why gold is tanking is amusing. 
CNBC's Bob Pisani points to such things as the ETF’s dumping 67 tonnes of gold, or something like that.
That is supposed to matter while the Indians buying 200 to 250 tonnes in just ONE month is irrelevant.
It is real simple what is going on here ...
General Paulson 
said he would do whatever it takes to save the day, which, in his world, means dumping part of our US gold reserves.
The gold open interest fell 14,508 contracts to 378,084. As happens so often these days, the silver open interest went the other way, rising 171 contracts to 116,574.
Rob K and retro stuff…
.......
...soweit !
.wenn ich es kann besuche ich dich.![:]](https://goldseiten-forum.com/wcf/images/smilies/pleased.gif "Freude"){kind=small}
...hier haben diese Verbrecher ein Problem.