We were attacked by this snake in the grass too. Good to see him being exposed for what he is – BrotherJohnF
gata.org / By CHRIS POWELL / April 19, 2013, 5:20p ET
Dear Friend of GATA and Gold:
Your secretary/treasurer’s appearance Wednesday on Yahoo’s “Daily Ticker” program with Aaron Task (http://www.gata.org/node/12464) provoked a response today when the program interviewed Barry Ritholtz, CEO of research firm Fusion IQ, who likened GATA to pigs and religious jihadists while not really seeming to understand the organization’s complaint and objectives.
In commentary published along with video of Ritholtz’s interview, Task quotes from a recent essay by Ritholtz purporting to identify “The 12 (Misguided) Commandments of Gold Bulls,” two of which deal with market manipulation. But at the conclusion of his interview today, Ritholtz seems to concede that the gold market is manipulated, even as he concludes that it’s no big deal and that gold is just another trade.
Not being an investment adviser, GATA does not argue trading strategy. Rather, we would dispute that gold has no more importance than any other trade; we see gold as being at the center of the world financial system, a determinant of currency values, interest rates, and government bond prices, and we see a free and transparent gold market as the prerequisite of free and transparent markets everywhere.
Thanks to BrotherJohnF