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jb3415
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Gold US$5,000: Is it Possible? And when?

- Dan Popescu - GoldBroker

I agree with muchof what the author has to say hear. The only problem I have is that he speaks of a gold "price" as though there is but one price and one market...and one that is esentially set in the corrupt pater COMEX market. What is happening in the real world is the the physical market and fake comex market are splintering. Gold is (or has) left the western vaults. New physical exchanges in Asia have been established. The only thing left for the transition from fake paper prices to real, suply / demand based physical prices is for China to pull the plug. Chinis will pull the plug at a time of its choosing and at a time when it can procure no more gold from the West (which is pretty soon, if not now). At that point, pricing power...the whole poricing mechanism... shifts to China. We have no idea what that basis will look like, but it doesn't take a rocket science to see that this price will likely be much higher when the naked short sellers can't have their way with it anymore.

Commented 3449 days ago

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Beginning of the headline :If we look at a graph of the ‘70s gold bull market (graph #1) and superimpose the typical bubble shape, we can clearly see that it closely fits the bubble model but stopping short of a Total Despair Phase. Those like me who lived through the euphoria of the ’70s and the capitulation of the ’90s, I am sure, will agree with the description of the gold market as a bubble. Looking at the graph below it doesn’t look like gold was in a Despair Phase but I remember well in the ‘90s statements by many i... Read More

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