The next few months...
posted on
Jun 22, 2012 12:32PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
will require attention...not the normal summer doldrums I suspect. Catch them offguard.
As usual, the mob has taken gold/silver paper down and fleeced the set-up longs. The 'informed few', all the way down to those naked shorting the likes of AUM (and the PM/JPM stocks with value in the ground, inferred or otherwise) act with inside information, impunity and malice of forethought. They must expect their 'monthy bonuses' by now. I wonder how much was made on AUM/ECU alone?...pocketing $ from billions of existant and non existant shares over years and years. Do yo really think those at the top of these companies have not been aware of such a powerful, malicious parasite"? I suspect many have been given the choice of going along to get along.
Ahhh, all the hoopla about the 'QE3' set up is now over temporarily as again, the insiders with connections have magically bet right. What fun! So, now we wait for the expected 'crisis' in the global banking system. This will be a garagantuan bonanza for the insders....all short the right market segments and institutions...the biggest 'goosing' in the history of the world is on the horizon. Billions upon billions will be scooped up at the expense of the taxpayers bailing out the banks that will temporarily bail out countries, states, municipalities and cities. The formula has been golden. With countries now borrowiing over 100% of GDP...up to 700% for all unfunded liabilities...including the US, UK, Japa and Greece...money printing must be 'blitzkreiged'.
But, before that happens, gold and silver must be cornered via the paper markets...so we may well see sub $24 silver and gold in the low $1500's...before 'the crisis' (just for the 'little guys'). The timing is anyone's guess, but the still hot campfires suggest a short journey...say between August and September. After all, it has to coincide with the Nov. election somehow...so that a fast track to a magic carpet ride in equities materializes....whereupon the hitherto shorts will make a repeat profit on the upside....don't forget the leverage of 100 to 1. Also, don't forget the billions needed too support both the Dems and Repubs pre election. This all takes 'cooperation'. It all has to fits. However, what will happen too the price of gold/silver with all this currency debasing/inflation? Hmmmmm.
There is one little ditty that must confuse us all, that being the assumption that the cartel must have an end game plan for gold. They have to be way ahead of us all knowiing that it will be in the thousands of dollars over the next few years. So, they will already have plans for holding vast tons of it? But how? Do they exepct to just buy it with printed $? China,, Japan,, Russia, Indonesia, ME etc...funds, individuals...all hoarding now...will not be fooled into selling. So how? Will the US simply confiscate the thousands of tons it vaults for other countries such as Germany? For foreign banks such as Canada's Scotia Mocatta? (individuals). Allocated gold? Will they buy all the gold in the ground from miners, producers, developers? After all, it is selling at about $100/oz in the ground right now. Do they have a plan in place that will all but assure the near bankruptcy/bankruptcy of many of the above...only to be rescued at 'the right price'? I leave the myriad possibilities up to you.
But consider this. Imagine the war chest that has been accumulated over the last 5 years naked shorting and shortng the PM sector and stocks! The 'dollar vaults'' now opaquely runneth over.