NO MORE TAPER NO Q>E bring it ON ding-dong
http://www.theaureport.com/pub/na/15...l+12%2D16%2D13
There are oil and potash cartels; the gold industry should come up with something similar.
TGR: Most cartels, like the Organization of the Petroleum Exporting Countries (OPEC) are privately held businesses. This makes it easier to get consensus. How would that work with publicly held companies?
SB: Public companies are part of the American and Russian potash cartels. A gold cartel would work like the potash market. Mining companies should collectively refrain from selling into the market at spot prices but should instead find buyers themselves, as there are definitely investors worldwide—especially from Asia, as well as the Middle and Far East—that would pay high premiums on the spot price to get their hands on physical bullion.
What is there left to lose for the deeply depressed mining industry but to take revolutionary steps and to fight back smartly? I hate to see the miners just waiting and hoping for better times, getting increasingly beaten up, defenseless. Now is the time to get their act together before the banks force them to hedge and sell forward their business for peanuts, rendering them incapable of benefiting from rising prices in the future.