Re: Silver gold manipulation?
in response to
by
posted on
Mar 20, 2008 08:59AM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
The manipulation of the system by the Fed is a crime against the common man. Ferdinand Lips has said, "The Fed makes people poor." Jim Rogers says, the Fed should be abolished and Ben Bernanke should resign. When I wrote my Senator in Washington asking where the country's gold is she basically said, "I have been been assurred by the Treasury that it was in "deep storage." Our central bank is the only central bank in the world that uses this term.
There is so much criminal activity in the markets today, some being sanctioned by government regulators, that one wonders what happened to the land of the free? What happened to free markets? Why is slime allowed to press our natural resource stocks lower with phony, non existant shares?
Bravekind presents a valid point with this presentation, why is silver dropping when there is a shortage of silver products in the form of bars and coins? Yes, it's all funny paper dealings on the commodity exchanges.
The Chinese are the largest holders of silver in the world. Someday, IMO, China will be back on a silver standard and all these fake drops in silver will be a thing of the past. Today, the Chinese may have hedged a little of their silver holdings as the price did get a little sticky at the 21 level but hey, they trade a little here and there to make-up for their $1.3 trillion dollar exposure. Can you blame them? I don't think the Chinese are in favor of what's recently happened to silver and wouldn't be surprised if they are buyers today, exchanging their unwanted fiat dollars.
It's not too difficult to see what happened to gold and silver prices. Following the Bear Stearns collapse all the miscreant paper dollar lovers got together and had a big powwow on how to keep the public's confidence intact concerning the financial system and their attention away from precious metals. So, the Treasury and the Fed gave their trusted bullion banks the orders to smash gold and silver. Since these guys are pretty much out of the physical stuff they start playing their games with sell tickets representing nothing behind them, almost like the naked short sellers from our friendly hedge funds pounding down low priced resource stocks using their own version of stock certificates. It's a boiler room atmosphere that the SEC chooses not to intervene in. Something like the regulators chose not to be involved in with the financial product called "derivatives."
The villains in this game want us to break ranks and run, that's their plan. If we don't sell to them in this environment, how do you suspect they will ever cover their naked sales???