GATA - CPM Debate Aims to Settle Score on Gold Market Manipulation
meluaufeet
Posts: 764 ✭✭✭
15 May 2010, 01:01 p.m. EDT by Daniela Cambone of Kitco News
Financial Sense Newshour Audio Link
Didn't see this posted... I apologize if I missed it elsewhere... I thought it might be interesting to hear a debate with CPM and GATA.
Financial Sense Newshour Audio Link
Didn't see this posted... I apologize if I missed it elsewhere... I thought it might be interesting to hear a debate with CPM and GATA.
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Comments
<< <i>Didn't see this posted... I apologize if I missed it elsewhere... I thought it might be interesting to hear a debate with CPM and GATA. >>
It was very much overrated.
It was billed as dealing with Christian's comment that the public interpreted (incorrectly) as meaning that unallocated gold accounts have 1 ounce of physical gold for every 100 ounces people think they have.
That wasn't dealt with directly, just tangentally at for a couple minutes at the end of the 62-minute debate.
The entire first half of the 'debate' was whether or not 5-50 year old quotes were taken out of context.
Had they spent the time discussing unallocated accounts, and what % of the metal is really there, that may have provided some very useful information. But as it was, it wasn't worth listening to (although Christian did mention that manipulation exists; he said that the 'odd trader' will hammer through stops to change the price).