Gold curious at this time? Take a walk on the wild side with Bush/Barrick

[NVMojo]

do a google on your own of George Bush and Barrick Gold. Learn. As he was tied in with the Carlyle Group ...so it be with gold.

Some of what you find may appear to be mere conspiracies but I can assure you, having lived in Barrick-land since 1989, most of it is true.

An example is here (sorry for any religious connections, the theft of Bullfrog mine is the target here)

http://www.mormon.citymax.com/gold.html

Look into the great Gold hedging scheme of Barrick and the timing of when Poppy Bush was in office. You'll get the idea. Look into collusion with central banks to keep the price low. Interesting history here:

http://www.gata.org/index.html

From earlier this month:

http://biz.yahoo.com/iw/060503/0126953.html

[CoffeeCat]

1. I don't know if this has anything to do...

...with anything, but I've noticed that almost ALL of the right-wing radio programs (Limbaugh, Beck, Hannity, Drudge, etc) features advertisements for gold investing.

I hear these ads on these programs several times daily. However, I don't hear them on other
radio programs.

Coincidence?

[Matariki]

3. well, so does Air America for that matter.

I said this in another post. When I started hearing ads on the radio hawking gold, that's when I decided I'd stay *out* of that market. I don't know how to measure the actual fair price value of gold with the rate of inflation - and I expect many 'gold-bugs' don't know either - but I've gotten the sense that the run on gold is being driven by a large amount of buyer excitement. time will tell.

[Greyhound]

4. Check out the GATA link in th OP. It is quite enlightening. n/t

[AnneD]

6. I use the late night infomercial rule of thumb

if it shows up there, it's oversold.

[Monk06]

7. Fundamentals support a gold price of $US 680 the recent jump over

$700 was driven by the weak dollar. As we get
closer to the mid term elections I see gold over
$700 again depending on inflation/US debt finding
it's way into the news.

The drop back from the recent high was summer profit
taking by futures trades and commercial banks both of
trade short positions.

If your going short to mid term look at juniors in
Nevada. There is a big play percolating there involving
US Gold and a number of junior companies in the Cortez
Hills/CJV joint venture area. Check the US Gold M&A activity
and the Charts for Coral Gold.

[Matariki]

8. Thanks. I don't mean this as a challenge to your statement

I'm genuinely interested. How did you do the math for that? How did you come up with $680?

[Monk06]

10. Sorry I missed your reply or I would have got back to you sooner...

Check out Kitco for news on the fundamentals both
politically and economically on the gold market.

As far as $680 gold goes checkout this link

http://www.321gold.com/editorials/edelson/edelson052506.html

The chart at the bottom backs up the argument nicely.

I predicted gold to fall off $700 dollars a week before it
happened during an interview with a mining executive.

I was right and I am not an expert by any means.

[NVMojo]

9. well, you are in the know! Good recommends and in the junior division

related to the Cortez Hills, try Nevada Pacific Gold ...or just check them out. A google search should suffice.

[Monk06]

11. Sorry late with a reply............

Check the Resource World PDF on this link.

http://www.nevadapacificgold.com/s/Nevada-RelatedArticles.asp

McEwen is the brains behind US Gold and Nevada Pacific.

More importantly he was behind the Weaton River deal which was
a major coup. Weaton investors made a nice packet on that one.

Something like 30:1 IIRC

[anitar1]

2. Thanks for posting this. n/t

[upi402]

5. I don't understand this;

I'm not clear on what the major players SHOULD do. Anyone know what Mr White is saying here?

from the above link; http://www.gata.org/index.html The BIS story.
(excerpt from- http://www.gata.org/CentralBankCooperation.htm )

"The first and biggest has to do with widening external imbalances. These could catalyse an international crisis at some point, with potentially disruptive movements in both exchange rates and the prices of financial assets. At the textbook level, it is reasonably clear what all the major players should do to reduce these risks. However, it is equally clear that many of them face other constraints as well, not least political resistance to following the required course of action. In this environment, it does not seem silly to suggest that a cooperative response might be required."

[fasttense]

12. It's not that gold is worth more,

It's that the US dollar is worth a whole lot less. Keep those wheel barrels handy for filling up with dollars to buy a loaf of bread.

[Matariki]

13. Why does everyone on DU claim that inflation is high

the statistics seem to indicate that it's relatively low right now, or average anyway. Is it projected inflation, due to energy costs, or the innate pessimism found here?


http://inflationdata.com/inflation/Inflation_Rate/HistoricalInflation.aspx?dsInflation_currentPage=0

[Matariki]

14. Morgan Stanley chief economist warns of commodity bubble

http://news.morningstar.com/news/MW/M05/D18/6E4908D4-A298-4190-A2F0-A3686FB999FC.html