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How to Play the Greatest Gold and Silver Bull Market of Our Lifetime

Wednesday, June 29, 2011, 9:22 AM
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How to Play the Greatest Gold and Silver Bull Market of Our Lifetime

Wednesday, June 29, 2011

Executive Summary

  • The extent and impact of price manipulation on current bullion prices
  • How to build or increase your allocation to gold and silver (how much is right?)
  • The best vehicles and storage options for owning precious metals
  • Exit strategies: what indicators to watch to know when it's time to start selling
  • How high are gold and silver prices likely to climb by the end of the current bull market?

Part I - The Screaming Fundamentals For Owning Gold and Silver

If you have not yet read Part I, available free to all readers, please click here to read it first. 

Part II - How to Play the Greatest Gold and Silver Bull Market of Our Lifetime 

Market Manipulation

This brings us to the topic of market manipulation. As many of you are aware this is a topic of exceptional controversy. On one side, we might place the Gold Anti-Trust Action (GATA) organization, alleging constant official manipulation to suppress the price of both gold and silver, and on the other we might place Jeff Christian, managing director of the metals research firm CPM, whose position is that all price movements can be explained by ordinary market forces.

I happen to be in the middle of those views. I know for a fact that the price of gold is of official interest, and that gold has been actively suppressed in price in the past in order to affect one policy aim or another. The London gold pool of 1969 is one such example, but there are others.

I reason that anything that has proven to be a useful policy tool in the past is a likely candidate to be a tool in the present. It would be up to the detractors of this view to prove, from time to time, that gold is no longer of sufficient official interest that its price is not a target of official intervention or negligent oversight.

But even if manipulation exists, there's only so long that official intervention can hold back the tide. This puts me in the camp with Erik Sprott of Sprott Asset Management, who recently told me in an interview:

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