The shorts are still in control and will be until they blow up, it appears. Who knows when that is coming, but it is coming … meaning at least there will be a panic buy back stage. To give you an idea what some of us are up against in the precious metals share sector at the moment, here is the latest snapshot of my largest holding, Golden Minerals. It is important to note this is ONLY its acknowledged short position, which does not deal with other short positions on the books ... put on without borrowing the shares from a broker/dealer:
Long DOW, and other stock sectors, vis-a-vis short the gold/silver shares is still paying off for The Gold Cartel, hedge funds, etc.
Gold and silver being down the way they were today defies logic. But in the Black is White and White is Black Gold Cartel world, it makes perfect sense. Dave from Denver also notes that there is an FOMC meeting tomorrow, plus we have the 10-yr and 30-yr bond auctions this week. "Usually they try to suppress the metals ahead of those events."
Dave doesn’t think The Gold Cartel can keep prices down at these levels much longer, and neither do I.
GATA BE IN IT TO WIN IT!
MIDAS