Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: TigerLikesRooster
Three unidentified U.S. banks held 86,398 short positions, or bets that gold prices will fall, in the COMEX gold market as of Aug. 5 -- 10 times more short positions than a month earlier, a government report showed.

Sounds like a free market to me.

Did Gold drop faster than it was Supposed to?

7 posted on 08/29/2008 11:21:44 PM PDT by eyedigress
[ Post Reply | Private Reply | To 1 | View Replies ]


To: eyedigress
Or kept from rising.

So the size of short positions may be the key. If it is too big and grew too fast, it could certainly reverse the trend. Some say it is too big even for some major player. Maybe some central banks?

9 posted on 08/29/2008 11:33:03 PM PDT by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
[ Post Reply | Private Reply | To 7 | View Replies ]

To: eyedigress

It is not a “free market” when banks can borrow from the Fed at 2%, and further be assured by the treasury that if their “bet” looses, the taxpayer will wind up holding the bag. Clearly, the treasury has an interest in demonizing gold and cheering on paper money, no matter what the ultimate consequences will be to the people. Do you know what happened to your dollar over the last 10, 20, 30, 40, 50 years? It is a shadow of its former self. Guess what it will be 10 years hence...


10 posted on 08/29/2008 11:35:43 PM PDT by GregoryFul
[ Post Reply | Private Reply | To 7 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson