Gold and What Moves it.
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Tracking all things that relate to and affect the price of gold.
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So-Called Audit Of Fed’s Gold Complete Rubbish & Propaganda

So-Called Audit Of Fed’s Gold Complete Rubbish & Propaganda | Gold and What Moves it. | Scoop.it

Today James Turk told King World News that the so-called audit of the Fed’s New York gold “is total rubbish.”  He also described this stunning situation as “disinformation or propaganda.”  The is the first of a series of written interviews with Turk regarding this incredible development. 

 

Eric King:  “James, I have to talk to you about this news about the audit of the Fed’s New York gold.  What were your thoughts when you read that?”


Turk:  “I saw the news reports and it sounded very interesting.  So I thought I would look into it and see exactly what was there, what they completed, and what kind of audit it was.  I went into the Treasury website and actually read the Treasury announcement.  


I’m really sort of sad to say that despite my thinking this was some interesting news, it actually is total rubbish.  I think it was disseminated by the mainstream media just to deceive people (and countries) to think that the gold is really there....

Hal's insight:

Glad to hear Turk's opinion on this. I saw the artcle this morning too and was like, Really?! But then I saw that they only tested a slim amount.

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Eric De Groot: Review of Gold

Eric De Groot: Review of Gold | Gold and What Moves it. | Scoop.it

"... The invisible hand uses spreads to profit from phase transitions within a trend.  These transitions include inflection and acceleration points (chart 3).  A spike in spreading activity will hint an acceleration point is near. ..."

Hal's insight:

Click through for all his points and charts.

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