Friday, November 30, 2012
Our Daniela! (and that Peter Hug guy too but it's kinda hard to get worked up about him) on the Nov 28 gold smackdown
Peter Hug seems about as empirical and sane as you can get in this industry, and here he gives the explanation, to whatever extent there is one, about the gold smackdown on Wednesday - also known as the "fucking outright bald-faced suppression of gold by International Jewry and the Lizard People".
Those of you who care about the real explanation will listen to Peter Hug, and those of you who are paranoid right-wing wackaloons still get to stare wistfully at the goldbug world's perpetual sweetheart.
And PS Peter, quit it with the "debasement of currencies" line. Anyone with their eyes open knows there's no "debasement" going on anywhere, it's all sterilized. The gold price depends on south and east Asian physical demand, and on the continued depletion of new supply.