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Tag Archives: LBMA code of ethics

An Historic “Hockey-Stick” Moment


HockeyStick4B

The original trend (green line) is fairly flat.  Something happens around A.D. 1971 to cause the second trend line (blue) to accelerate upwards.  That change in trend “velocity” marks the “Hockey-Stick Moment” where something unexpected and powerful suddenly took place.  In this example, President Nixon severed gold’s relationship to the dollar.

GATA love it

According to the “About” page at Gold Anti-Trust Action committee’s website (www.gata.org),

 

The Gold Anti-Trust Action Committee [GATA] was organized in the fall of 1998 to expose, oppose, and litigate against collusion to control the price and supply of gold and related financial instruments. The committee arose from essays by Bill Murphy, a financial commentator on the Internet (LeMetropoleCafe.com), and by Chris Powell, a newspaper editor in Connecticut.

 

Imagine that! GATA—and all that flows from it—started from just couple of “essays”.

As you’ll read, maybe the pen really is mightier than the sword.

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