Dan Norcini: Gold backwardation misinformation

Section:

8:41p ET Friday, July 26, 2013

Dear Friend of GATA and Gold:

Futures market analyst Dan Norcini's commentary, "Gold Backwardation Misinformation," cited by the Perth Mint's Bron Suchecki in the GATA Dispatch just prior to this one, is posted at Norcini's blog here:

http://traderdannorcini.blogspot.ca/2013/07/gold-backwardation-misinform...

Norcini concludes, a bit parenthetically: "Gold at $50,000 or silver at $500 means that I do not want to be living anywhere near civilization. The sheer chaos, fear, breakdown in society, etc., are not the things that I wish for no matter whether gold goes up or not.

"I am already fearful enough about the state of our nation, its gargantuan level of indebtedness, its moral decay, its hedonism and lack of work ethic, its dumbing down, and its corrupt monetary system without having to worry about 'Mad Max Beyond Thunderdome' coming to a city or town near me.

"Gold owners and buyers, just lighten up a bit. Life consists of far more than the last price of gold, or silver, for that matter. Family, friends, faith -- these are far more important. Do not let the means to an end become your reason for existence or happiness."

Huh? Something else besides the prices of gold and silver? What a whack job!

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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