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<p>[QUOTE=&quot;spock1k, post: 578076, member: 7043&quot;]Several major news stories broke last week that all should have sent the price of gold soaring. Gold did rise 5.3 percent, which did not reflect the importance of the developments.</p><p><br /></p><p>There is a theme to the eight news items cited here. China has been buying large amounts of gold, it wants even more and the U.S. banking system is still in dire straits.</p><p><br /></p><p>What this means is obvious, but if you are willing to dive in with me here, the details follow:</p><p><br /></p><p>Let&#039;s look at these news items, then discuss why the price of gold, in my judgment, did not fully react.</p><p><br /></p><p>Story 1: About 10 days ago, the Gold Anti-Trust Action Committee filed a new set of Freedom of Information Act requests with the U.S. Treasury and Federal Reserve to seek information on the U.S. government&#039;s gold swap activities. The first attempt to dislodge this information was filed in December 2007, with dismal results. After carefully analyzing the loopholes used by the Treasury and Federal Reserve to avoid disclosing the requested information, these revised FOIA requests include detailed instructions to overcome the government&#039;s obstacles. For example, one FOIA request noted that the agency was unable to uncover where its own public Web site discussed gold swap</p><p><br /></p><p><br /></p><p>read more here</p><p><br /></p><p><a href="http://www.numismaster.com/ta/numis/Article.jsp?ad=article&amp;ArticleId=6632" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.numismaster.com/ta/numis/Article.jsp?ad=article&amp;ArticleId=6632" rel="nofollow">http://www.numismaster.com/ta/numis/Article.jsp?ad=article&amp;ArticleId=6632</a>[/QUOTE]</p><p><br /></p>

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