Fine. You win. I've been wrong, all along.
The global gold market is free, fair and honest.
The Comex futures market is a true, fair and perfect price discovery vehicle.
There is no demand for physical gold and/or silver in size. All of this talk about sovereign nation and central bank buying is simply a tool used to manipulate price higher.
The Federal Reserve never has, and never will, intervene in gold to manipulate and suppress price.
The bullion banks simply engage in selling forward for their mining clients.
Gold really is a barbarous relic of another time.
Fiat currency is wonderful because limitless money creation spreads wealth globally.
The Chinese are fools who mindlessly continue to accumulate dollars with no alternative but to reinvest those dollars into U.S. treasuries.
Same for the Russians.
And the Saudis.
And the Japanese.
Paul Krugman is a genius.
So is Nouriel Roubini.
So is Jeff Christian.
So is Jon Nadler.
The total debt level of the U.S. is manageable and not a problem, at all.
Economic growth will soon return the U.S. to peace and prosperity while allowing for the service of the accumulated national debt.
Barack Obama is the most intelligent and supremely qualified Chief Executive that the United States has ever had.
TARP was extraordinarily successful and actually turned a profit for the American people.
Deficits don't matter.
Money printing and quantitative easing is perfectly fine so long as the velocity of money remains low and the printing is nothing more than balances being shifted within Primary Dealer accounts.
Transfer programs such as Social Security and Medicare are fully-funded and will always be there to provide a safety net for the elderly, the poor and the disabled.
The Federal Reserve never has, and never will, intervene in the equity, treasury and/or currency markets.
Ben Bernanke is an Einstein-level genius. We are very fortunate to have him as Fed Chairman at this critical point in history.
Silver is simply an industrial metal. Always has been, always will be.
As a byproduct of mining for other base metals, the amount of silver is infinite.
Those hoarding silver are mindless robots, fooled by internet charlatans.
Jim Sinclair is a disinformation double-agent of the Rothschild family.
Trader Dan is a mindless pumper whose sole motive is personal gain.
Andrew Maguire is a figment of Bill Murphy's overactive imagination.
Ted Butler, Jim Willie and John Williams are scam artists who dupe the easily-frightened into paying for their over-priced and worthless analysis.
FOFOA, Keiser, VonGreyerz, Hoffman, Krieger, Embry, Russell, Pento, Schiff, Rickards, Celente, Rule, Fleckenstein, Faber, Quinn, Nielson, Naylor-Leyland, Turk, Martenson, Lira. All of them are nothing but 21st century snake-oil salesmen.
GLD is 100% backed by gold and it's custodian has no conflicts of interest.
SLV is 100% backed by silver and it's custodian has no conflicts of interest.
PSLV and PHYS are empty shell con games created and marketed to extract hefty NAV premiums from dupes.
Eric Sprott should be extradited to the U.S. on criminal front-running and book-pumping charges.
Mining stocks, in general, have been in a bear market since 2009 because the fundamentals are lousy.
The LBMA is a distinguished group of member firms which actively promote fair and free pricing of metal.
JPMorgan is a benevolent organization which only performs necessary investment banking services for their clients.
Goldman Sachs, Deutsche Bank, UBS, HSBC et al are similar, honest companies.
High-frequency trading helps in price discovery and provides liquidity.
The CME Group is a dispassionate facilitator of markets and clearing which stands ready to eliminate fraud and protect investors.
The CFTC is an objective and honest U.S. government agency which regulates the futures markets, always on the lookout for fraud and manipulation so that the regular investor and/or hedger can have confidence in a fair and level playing field.
Lastly, Turd Ferguson is a pseudonym used by George Clooney who, in between making millions of dollars in movies and bedding every hot chick in Hollywood, makes the time to write a daily metals blog, intent upon misleading and fooling as many folks as possible into investing in gold and silver.