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As usual, central bank intervention and bullion bank stampeding, Norcini says
7p ET Tuesday, March 6, 2012
Dear Friend of GATA and Gold:
Futures market analyst Dan Norcini tells King World News today that last week's smashdown of gold was prompted by central bank intervention and accelerated by bullion bank selling, which, as usual, panicked hedge funds and others, whose selling allowed the banks to begin covering their short positions. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/3/6_Nor...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
A Rare Opportunity with Collectible Gold Coins
Whose Premiums Are Far Below Normal
Sovereign debt problems in the United States as well as Europe will worsen this year. The mainstream financial media may never report about the likely inflationary consequences of bailouts and "quantitative easing," nor are they likely ever to recommend tangible assets for financial protection. But at Swiss America Trading Corp. we believe that it is no longer a luxury to own gold and silver coins but rather a necessity.
At the moment the public is showing little interest in Double Eagle U.S. $20 gold coins, so the price premiums above the intrinsic melt values (.9675 ounce of gold in each coin) are historically low. The ratio of price to bullion content for these coins has been 2:1 but today it is only about 1.25:1.
This is a real opportunity. So give us a call or e-mail and we will be glad to discuss the potential of these coins and how to use a ratio strategy to increase your gold ounces without money out of pocket.
In the January edition of his Early Warning Report, Richard Maybury writes: "As they are inherently in very limited supply, I believe that high-quality numismatics will become tulips, eventually rising a thousand percent or more in real terms, when money velocity goes into mid-second stage. In late stage, who knows -- 2,000 percent? 3,000?"
All inquiries will receive without charge (while supplies last) our latest book, "The Inflation Deception," as well as our newsletter "Real Money Perspectives."
-- Tim Murphy, trmurphy@swissamerica.com
-- Fred Goldstein, figoldstein@swissamerica.com
Telephone: 1-800-289-2646
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