Mike Kosares: Gold's organized retreat -- who benefits?

Section:

12:53p ET Wednesday, November 27, 2013

Dear Friend of GATA and Gold:

Mike Kosares of Centennial Precious Metals in Denver today muses on the question of who is benefiting from the recent retreat in the gold price. Kosares seems inclined to think that it has had something to do with the need to repatriate Venezuela's and Germany's foreign-vaulted gold reserves. Whatever the cause, Kosares writes, the gold price suppression perpetrated by the London Gold Pool in the 1960s and by the gold sales of the United States and the International Monetary Fund in the 1970s "collapsed in a heap and gold rose in multiples, and both events represented the calm before a major monetary storm."

GATA doesn't know if any of us will live to see that day. All we can do is try to hasten it and thereby restore free markets, liberty, democracy, fairness, and progress.

Kosares' commentary is headlined "Gold's Organized Retreat: Who Benefits?" and it's posted at Centennial's Internet site, USAGold.com, here:

http://www.usagold.com/cpmforum/2013/11/27/golds-organized-retreat-who-b...

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



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