In two interviews Biderman stresses bailouts, market rigging
Dear Friend of GATA and Gold:
Market analyst and financial letter writer Charles Biderman this week gave two good interviews concentrating on bailouts and market rigging, one with Dan Ameduri of Future Money Trends --
-- and the other with financial writer Chris Martenson:
But Martenson himself may have offered the most incisive comment. Introducing Biderman, Martenson said: "The issues before us as investors are as daunting today as they can possibly be, and my position has been that today we are all speculators, not investors, because we have been placed in the uncomfortable position of trying to guess what the central banks are going to do next. Also weighing on investors today is the fact that our official data is what I call fuzzy. That is, it is often statistically massaged to make things look a little bit rosier than they otherwise might."
That may be another way of putting what participants in GATA's Washington conference heard four years ago: "There are no markets anymore, just interventions":
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.