1) Since it is possible the Chinese, while buying gold, will/may short the $US, bonds, treasuries...it occurs to me that the US will/may do the same thing. We know that JPM and GS are going long gold futures/options with JPM and HSBC being the holders of most of the gold/silver shorts. But as Bob Moriarity points out today, who takes the other side of the bet?

2) As per the naked short stuff we are all tired of ( I am to blame more than most for whining about it for years now)....the way I understand it, your/my broker are off the hook when the turds hit the faces of the investors. It is the Canadian conduits that handle the banker/broker's borrowed stock (such as the rumored Canaccords and the like) who will default and who the investor inevitably has to sue...but good luck as it will take years and there will be little if anything left. Let's hope it isn't so especially for ECU shareholders and Canaccord. Does anyone here actually know the real state of Canaccord these days? The naked shorts will be in the same pool as the legtimate borrowed shares (similar to the subprime mess) and it will be impossible to differentiate who owns the real deal in the basket of tricks/treats...unless one physically holds the share certificates.

I pray I am wrong and we won't really know until we need the handy wipes. Let's hpe I am totally wrong and the bad guys decide to go long and take us up with them. If so, we all win big time.