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Mike Kosares: The past few days have been a fractal event for the gold market
3:25p ET Friday, April 21, 2017
Dear Friend of GATA and Gold:
USAGold's Mike Kosares writes today that smashes in the paper gold market are having less effect and the repulse of one this week may prove to be a "fractal event," something that gets noticed and emboldens buyers of real metal. While the paper market is controlling the price for the time being, Kosares adds, the physical market will win in the end, very possibly causing a quick transformation of the price, an explosion.
Even so, this isn't any reason to be less indignant about market rigging and the largely surreptitious interventions against gold by governments and central banks. For while gold, free markets, and transparent and limited government may win eventually, human lifespans are tightly limited, cheating and fraud are in the here and now, justice delayed is justice denied, and justice doesn't come about by itself. It arrives only through great struggle, and it will not arrive in time to do any good for many people who would like to have faith in it today. They will die unrewarded after many years of "buying opportunities."
Kosares' commentary is headlined "Past Few Days a Fractal Event for the Gold Market" and it's posted at USAGold here:
http://www.usagold.com/cpmforum/2017/04/21/past-few-days-a-fractal-event...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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