….hehe..The Roubini Rebutal….sounds like a Movie title….

Bill,
Lee Quaintance and his partner Paul Brodsky are two of the most brilliant minds in REAL market analysis.

No one does a better job of merging academia with real world markets than these two, which is why there work is often cited by Alan Abelson in Barron’s.

When Roubini puts out his asinine gold bashing article tomorrow, GATA should counter with this great piece of work.

Hard to believe Roubini seemed like a bull just weeks ago when he was focusing in gold backwardization in the futures markets, a situation that has not yet changed.
A
P.S. Looks like Lee and Paul’s “shadow gold price” is around $10,000/oz, which is precisely what my price forecast is (assuming the dollar doesn’t go Weimar), and I’ll bet anything it’s pretty close to Sinclair’s calculations (the same calculations that led him to forecasting a roughly $900/oz top in 1980.

qbamco-roubinirebuttal.pdf