* Secret * gold swap has spooked the market, secret bailouts, buy cheap gold now,,,

[link to www.telegraph.co.uk]

In a tiny footnote in its annual report, the bank disclosed its unusually large holding of gold, compared with nothing the year before. The disclosure was a large factor in the correction of the gold price this week, which fell below $1,200 for the first time in more than a month. ..."

"...Meanwhile, economists and gold market-watchers were determined to hunt down which bank is short of cash – curious about who is using their stash of precious metal for what looks suspiciously like a secret bailout. ..."

"... This did nothing to quell the sense of mystery surrounding the deal or deals. It is almost inconceivable that a single commercial bank could have accumulated so much gold alone. And cynics have suggested that the whole affair still looks like a secretive European bailout that a single country wants to keep quiet. ..."

You want to tie your future and security to gold? think again. The price is kep artificailly high to maximize sudden large sell-offs and prifit taking.

Oil futures... now those are reassuring. Heck, BP stock was up 8% last I checked. Matt Simmons must be hating that. :)