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Alasdair Macleod: Gold's undervaluation is extreme
1:08p ET Monday, July 1, 2013
Dear Friend of GATA and Gold:
In a comprehensive review of the world financial situation, GoldMoney's research director, Alasdair Macleod, concludes that gold is terribly underpriced relative to all the other money floating around and that central banks are panicking over interest rates and the failure of the gold price plunge they engineered, which only intensified demand for real metal.
Macleod concludes about gold: "The conditions are in place for a spectacular price readjustment on valuation and economic grounds alone. Furthermore, the short positions on Comex have been transferred to the hedge funds, leaving the bullion banks less exposed to escalating systemic risks. It is now in the latter's interests to keep their gold and silver books as level as possible as a bear squeeze on the market shorts gets under way and starts the revaluation process."
Macleod's commentary is headlined "Gold's Undervaluation Is Extreme" and it's posted at GoldMoney's Internet site here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Jim Sinclair to hold seminars in July
in Chicago, Vancouver, and Scottsdale
Mining entrepreneur and gold trader Jim Sinclair is planning three more seminars on his view of the markets and gold's prospects -- in Chicago on Monday, July 8, in Vancouver on Wednesday, July 10, and in Scottsdale, Arizona, on Friday, July 12. Details can be found at his Internet site, JSMineSet.com, here:
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