You are here
Mike Kosares: Gold's organized retreat -- who benefits?
12:53p ET Wednesday, November 27, 2013
Dear Friend of GATA and Gold:
Mike Kosares of Centennial Precious Metals in Denver today muses on the question of who is benefiting from the recent retreat in the gold price. Kosares seems inclined to think that it has had something to do with the need to repatriate Venezuela's and Germany's foreign-vaulted gold reserves. Whatever the cause, Kosares writes, the gold price suppression perpetrated by the London Gold Pool in the 1960s and by the gold sales of the United States and the International Monetary Fund in the 1970s "collapsed in a heap and gold rose in multiples, and both events represented the calm before a major monetary storm."
GATA doesn't know if any of us will live to see that day. All we can do is try to hasten it and thereby restore free markets, liberty, democracy, fairness, and progress.
Kosares' commentary is headlined "Gold's Organized Retreat: Who Benefits?" and it's posted at Centennial's Internet site, USAGold.com, here:
http://www.usagold.com/cpmforum/2013/11/27/golds-organized-retreat-who-b...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Jim Sinclair Plans Seminar in Boston on Dec. 7
Gold advocate and mining entrepreneur Jim Sinclair will hold his next seminar from 1 to 5 p.m. on Saturday, December 7, in the Boston suburb of Cambridge, Mass., at the Boston Marriott Cambridge at 50 Broadway in Cambridge. The admission fee will be $50. Details are posted at Sinclair's Internet site, JSMineSet, here:
http://www.jsmineset.com/2013/11/14/boston-qa-session-announced/
Join GATA here:
Vancouver Resource Investment Conference
Vancouver Convention Centre West
Sunday-Monday, January 19-20, 2014
Vancouver, British Columbia, Canada
http://www.cambridgehouse.com/event/vancouver-resource-investment-confer...
* * *
Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or by purchasing a colorful GATA T-shirt:
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
