Turning Hard Times Into Good Times

John Rubino and Doug Groh return. Predictions of a bottoming of the gold price this autumn have been wrong. Gold has broken through key support levels and appears headed for $1,100 or possibly lower despite record imports of physical gold into China, India, Russia, Singapore and other Asian nations. But as David Jensen frequently reminds us, Comex gold quotes are virtual” quotes that have little to do with the actual gold bullion demand. Yet the fraudulent and depressed Comex quotes are used to pay the miners. This lack of true price discovery is killing gold company’s profits. We will ask John if economic reality can soon overcome bullion bank gold market manipulation. Then, we will ask Doug, of the Tocqueville Gold Fund, for his views on gold mining economics and for some of the names of gold mining companies that have the best chance to survive in the current massacre in the gold markets and thrive when the price of gold finally turns upward.