Nadler sees intervention again, just not in his own markets

1p ET Wednesday, May 21, 2008

Dear Friend of GATA and Gold:

In his commentary today Kitco's precious metals market analyst Jon Nadler remarks again, as he did on April 7 (http://www.kitco.com/ind/nadler/apr072008A.html), about the possibility of government intervention in markets, this time the oil market.

Of course Nadler still refuses to acknowledge the possibility of government intervention in the markets of his own expertise, and this is a pity. But Nadler is not unique in his blind spots. For he is joined by many other technical analysts in the precious metals markets who cling ever more dearly to their methodology in the fear that its surreptitious subversion by government would make their work meaningless.

But government manipulation of and intervention in markets is pervasive and blatant now, and no technical analysis that fails to incorporate this manipulation and intervention has much meaning.

In any case, Nadler's latest remarks on government intervention are headlined "OIL (Official Intervention Likely?)" here:

http://www.kitco.com/ind/Nadler/may212008A.html

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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