Daily Archives: May 17, 2012

Gold’s GOR Fest

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Even after the blow off in silver and gold's euro hysteria-induced blow off I did not expect a repeat of the 2008 crash in the HUI Gold Bugs index to happen given the state of the real price of gold (RPG) today as compared to the run up to 2008.  Wrong sir, the black boxes are apparently in control; or are they?  Maybe someone is controlling the black boxes.

Ben Bernanke has stated that he would control Treasury yield curves.  This is not tin foil hat analysis seeking to rationalize, it is merely stating what the world's most powerful monetary policy maker said he would do.