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S W
Member since May 2012
668 commentaries - 5 followers

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Gold Backwardation Conspiracy Nonsense

- Mish - Global Economic Analysis

Looks like some people decided to fade the gold rally. Thats markets for you.
Take the oil and gold markets,or rather I should say prices as both are in $USD.
The question on the collective human conscience is how much Oil and/or Gold are we willing to pay for $USD?

Commented 3927 days ago

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Beginning of the headline :Business Insider says "Traders Are Talking About A Gold Conspiracy Theory And There's Evidence To Back It Up" No discussion about gold is complete without a good conspiracy theory. While most theories are easily dismissed, some stay around for a while due to a confluence of circumstantial evidence surrounding it. Wall Street veteran Art Cashin addresses one such theory in this morning’s Cashin’s Comments. From Cashin: All That Glitters Is Not Arbitrage – Monday, spot gold spiked up $45 and... Read More

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