[GoldNugget]

Stewart Armstrong suggests yesterdays gold price correction may have been a response from the gold cartel to the Cheureux Gold Report:

Two Giants of the Investing Industry Discover Common Ground By: D. Stewart Armstrong

The correction might also be as simple as the fact that it became overextended. No market goes straight up.

However, If you put two and two together when you read the report mentioned below from Cheuvreux, the equity brokerage house of Credit Agricole, the huge French bank, you just might get the impression that someone is doing the “in your face” routine — this is what we think of your report! There is nothing quite as vile to the markets as “one who has turned”. What do you think happened when John Embry came out with his report, Not Free, Not Fair? It is point, counter point and this is their counterpoint.

Unfortunately, “they” are on the wrong side of the primary trend so there are still a good many shorts trapped and looking for an exit. Big money has a way of waiting things out and when the time is right, darting for the exits—even if they have to create the exits themselves. And incidentally, do read the report that basically endorses what GATA and Embry have previously stated. The truth is a fire that spreads exponentially and try as they might huff and puff, the little, well—the little huffers and puffers cannot put it out.