I never liked Jon Nadler. Not because he was always anti gold and silver (YES he was) but because he had such an arrogant way of denigrating my friends at GATA. It culminated with his labeling all us GATA Warriors as "The Tin Foil Hat Gang".
BREAKING NEWS: Kitco announced today that "Jon is GONE"!
Not that I'm a fan of Kitco either but this was long overdue. Mark my words...at some point in the near future Kitco will announce that they are shutting down their "Pooled Accounts" program. That was a Nadler invention when he was at the Bullion Banks and he brought it to the Perth Mint and then Kitco and RBC. Basically, it's a con where they sell positions in mint and refinery PM inventories and use the investors money to buy T-bills and such making an easy spread profit as long as nobody redeems their metal.
I don't feel sorry for Jon...
BECAUSE I HAVE NO DOUBT THAT ONE OF HIS BANKING BUDDIES WILL HIRE HIM...OR MAYBE EVEN JEFFREY CHRISTIAN!
But for now...GOOD RIDDANCE JONNY BOY!
You won't be missed.
May the Road you choose be the Right Road.
PS - For past commentary on Jon Nadler just search his name at www.RoadtoRoota.com