Lawrence Williams: Today's gold smash is great advertising for GATA
2:14p ET Wednesday, November 28, 2012
Dear Friend of GATA and Gold:
MineWeb's Lawrence Williams marvels at today's sudden pummeling of gold at the New York open and figures that it was great advertising for GATA.
Williams writes: "We have seen this happen in silver and in gold from time to time -- talk about ammunition for those who suggest the gold price is being suppressed or manipulated by central banks and allied bullion banks. There seems to be little other logical explanation for this kind of activity. It could even turn long-term suppression deniers into GATA adherents -– and if you do start trending toward this viewpoint, the few-and-far-between GATA–organized conferences are much more fun and interesting than the mainstream gold ones, even if some of the views expressed by audience members (and the odd speaker) may stretch credulity in the other direction."
Williams adds: "You probably shouldn't let the manipulators, whether government-backed or not, put the frighteners on you but see such short-term price falls as an opportunity to buy rather than as a reason to get out of gold."
This commentary is enough to win Williams his tin-foil hat. It's headlined "Profit Taking, Fat Finger, or Takedown? Gold Crashes Again" and it's posted at MineWeb here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Fred Goldstein and Tim Murphy open All Pro Gold
Longtime GATA supporters Fred Goldstein and Tim Murphy have brought their many years of experience in the precious metals and numismatic coins to All Pro Gold as metals brokers who specialize in the delivery of gold and silver bullion bars and coins as well as numismatic gold and silver coins. Fred and Tim follow these markets closely and are assisted by a team of consultants in monitoring market trends. All Pro Gold offers GATA supporters competitive pricing on all bullion products and welcomes inquiries. Tim can be reached at 602-299-2585 and Tim@allprogold.com, Fred at 602-799-8378 and Fred@allprogold.com. Ask about their ratio strategy and the relationship of generic $20 dollar gold pieces to 1-ounce gold bullion coins. Visit their Internet site at http://www.allprogold.com/.
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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
When a leading member of the policy committee of the People's Bank of China calls the gold standard "an excellent monetary system". ...
When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
World opinion is changing in favor of gold.
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