The Latest on "Paper Gold"

Let's examine some recent eyebrow raising writings of Jim Willie CB, editor of the "Hat Trick Letter".

For those of you who don't know, Jim Willie CB is a statistical analyst in marketing research and retail forecasting. He holds a PhD in statistics and his career has stretched over 24 years. Jim Willie's newsletter writings, although strongly worded, are well read within the gold community.

Before you jump in, here are some quick definitions for a few of the specialized terms he uses:

GLD is an ETF or an electronic traded fund that many people believe allows them to buy and sell physical gold in a trust for their stock trading account (that being said, many experts have and are becoming even more suspect of GLD as you will read).

COMEX is a division of the NYMEX (New York Mercantile Exchange -> the world