Tito's Blog

GATA Appeals to CFTC on Concentrated Gold Shorts

Gold bugs rejoice! GATA (Gold Anti-Trust Action Committee) appeals to CFTC to act against manipulative shorts:

GATA has evidence that there are enormous physical short positions in the gold and silver markets that cannot be covered. Because of the decades-long interference with the gold market, we estimate that the free-market price of gold is multiples of the current price. Growing stress caused by burgeoning physical bullion demand is threatening to lead to a price explosion, which will restore to the market the balance that regulation has failed to maintain. In our view, the Comex paper market will become dysfunctional, with “force majeure” having to be declared as the concentrated shorts are unable to deliver on their obligations.

Gold Bull Run Is Still In Its Early Days

or so says John Hathaway of Tocqueville.

Paul Mylchreest Thunder Road Report On The Gold Market

I couldn’t find comments on this report on the web: Gold market - accident waiting to happen or crime scene? Don’t shoot the messenger (pdf)

It is a very thoughtful analysis, although often based on guesstimates, on gold trading volumes and its implications on the quantity of gold over ground. There are many interesting historic facts related to Yamashita’s gold treasure, Rogelio Roxas lawsuit against Ferdinand Marcos, its $40 billion compensation damages initially awarded in 1996 by a Hawaiian court and later reversed.

It is a better reading than a novel.