Advertise | Bookmark | Contact Us | E-Mail List |  | Update Page | UraniumSeek.com 

Commentary : Gold Review : Markets : News Wire : Quotes : Silver : Stocks - Main Page 

 GoldSeek.com >> News >> Story  Disclaimer 
 
Latest Headlines

Gold Seeker Closing Report: Gold Holds Steady While Stocks Drop 2% More
By: Chris Mullen, Gold Seeker Report

Another Great Oxymoron: "LBMA Transparency"
By: Craig Hemke

Ira Epstein's Metals Video 11 20 2018
By: Ira Epstein

Trigger Time For Gold Stocks
By: Stewart Thomson

Chilton says CFTC found much evidence of silver rigging; Schiff calls rigging 'rumor'
By: Chris Powell

Unthinkable!
By: Gary Christenson

Powell and Gold between Inflation and Global Slowdown
By: Arkadiusz Sieron

Freezing Temperatures Could Heat Up Natural Gas Prices
By: Frank Holmes

Stocks are Now in ‘Complete Bitcoin Territory,’ Asset Manager Says
By: GoldCore

Asian Metals Market Update: Nov 20 2018
By: Chintan Karnani, Insignia Consultants

 
Search

GoldSeek Web

 
Dennis Gartman: Gold vs. The Force

By: Chris Powell, Secretary/Treasurer, GATA

 -- Published: Friday, 8 August 2014 | Print  | Disqus 

Dear Friend of GATA and Gold:

Doug Casey of Casey Research refuses to see gold market manipulation because it contradicts his ideology that markets are always bigger than governments. (If only they were, since then no government on the planet would remain in its current configuration and totalitarianism would be impossible.)

The job of CPM Group's Jeff "Pay No Attention to That Man Behind the Curtain" Christian depends on his denying gold market manipulation, since the market manipulators are his own clients, central banks.

But with his commentary today recognizing gold market manipulation and naming it "The Force," financial letter writer Dennis Gartman may signify that the End Times are approaching, wherein the obvious can be simultaneously acknowledged and dismissed as what everybody supposedly knew all along, though the record will show only denial and ridicule of assertions of what is now acknowledged as obvious.

The relevant excerpt from Gartman's commentary today is appended.

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

* * *

By Dennis Gartman
The Gartman Letter
Friday, August 8, 2014

https://www.thegartmanletter.com/

Regarding gold, of course it is strong: War is in the air and when war is in the air gold goes bid. What else can gold do? Capital is fleeing to the safe corners of the world, and when that happens it flees to gold. So we begin our discussion this morning noting this simple fact.

We note secondly that this shall be an important day for gold and for gold's future, for whoever or whatever has been the seller of gold on Fridays in recent days, weeks, and months cannot allow gold to trade upward through $1,325 and certainly it cannot allow gold to trade upward through $1,350 for that would send an inflationary fright through all other markets in all other places.

Hence -- and let's call this group The Force -- The Force will have to work very hard today to defend its authority. The question shall be: Will it?

The Force has already lost one very important battle: it has lost the battle at E975/oz., with gold trading now at or near E982 and with the truly psychologically and technically important E1,000/oz. level only just a bit ahead.

Once E1,000 is taken out -- and we think that it shall be, if not today, then next week if the geopolitical events unwind as badly as we fear they might -- then there is nothing that stems the advance until E1,100, noting that the peak for gold in euro terms was E1,350 back in late 2012.

Join GATA here:

Casey Research 2014 Summit
Hill Country Resort and Spa
San Antonio, Texas
Friday-Sunday, September 19-21, 2014

http://www.caseyresearch.com/summit/2014-fall

New Orleans Investment Conference
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana
Wednesday-Saturday, October 22-25, 2014

https://jeffersoncompanies.com/landing/noic2014?IDPromotion=614011014520...

* * *

Support GATA by purchasing DVDs of our London conference in August 2011 or our Dawson City conference in August 2006:

http://www.goldrush21.com/order.html

Or by purchasing a colorful GATA T-shirt:

http://gata.org/tshirts

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

http://gata.org/node/wallstreetjournal

Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16


| Digg This Article
 -- Published: Friday, 8 August 2014 | E-Mail  | Print  | Source: GoldSeek.com

comments powered by Disqus



 



Increase Text SizeDecrease Text SizeE-mail Link of Current PagePrinter Friendly PageReturn to GoldSeek.com

 news.goldseek.com >> Story

E-mail Page  | Print  | Disclaimer 


© 1995 - 2018



GoldSeek.com Supports Kiva.org

© GoldSeek.com, Gold Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of GoldSeek.com and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on GoldSeek.com. This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.

Live GoldSeek Visitor Map | Disclaimer

The views contained here may not represent the views of GoldSeek.com, its affiliates or advertisers. GoldSeek.com makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of GoldSeek.com, is strictly prohibited. In no event shall GoldSeek.com or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.