Tuesday, December 15, 2009

Differing Opinions Regarding Gold

One bullish, one bearish. On the bull side, the poster "smartknowledgeu" at ZeroHedge claims that there's "An Unbelievable Opportunity in Gold" right now. Whoever he is, he claims a near-term track record that's best to take with a grain of salt - but he also (perhaps inadvertently) tips his hand about the various conspiracy theories put out by excited gold bulls. He claims that his gold-market-manipulation framework makes him a better gold-market timer. His piece illustrates that a conspiracy theory from a gold bull is a marketing angle. [H/T: "FromLori" over at the Free Republic.]

On the bearish side, Mark Thomson claims "Without India, Gold could be 600$ or less." Instead of a explicit conspiracy theory, Thomson claims a kind of cabal glued together by venality.

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