Relative To The Money Supply, Gold Is As Cheap As It Was In 1971 or 2000

Strange price movements in the precious metals are accumulating. Again and again in early U.S. trading, large quantities of (paper) gold are sold to defend important marks. Last Friday alone the equivalent of as much as Newmont and Barrick produce in 9 months. They will not stop the inevitable with this. In many currencies, gold is near or has already surpassed its all-time high, and the U.S. dollar will follow suit. This gold manipulation is not a fairy tale, as quotes from Alan Greenspan prove. Gold continues to be priced very cheaply relative to the money supply and two industry greats, Garofalo and McEwen, expect a quick response. Money supply expansion is running faster now than in the 1970s and interest rates are being kept low. Unlike then, the economy, which is the foundation of the financial market, is also being destroyed now. Commodities in general continue to be too cheap and offer great opportunities to countercyclical investors now. Take precautions now, because this manipulation cannot last.