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Message: The REAL TRUTH : Silver

Hello:

There is so much bullish news and fundamentals for the PMs that what we are witnessing in stocks such as PNP... as per countless articles/interviews recently is a rush out the door by the shorts. It has reached panic levels but is also coincidental to the massive politically induced suppression of the PMsand especially the JPMs here in Canada. Talk about an overshoot for all the JPMs and many producers! Those who do not believe all this have selective agendas and will soon retreat as all they have left is talk.

Today we just saw a small breakout in gold crushed as usual in a snap. This pattern as been seen now for years, admittedly much more obvious recently. The shorts need buyers to sell into and they are running out of room as the physical demand for gold/silver is soaring with premium pricing being demanded all over the globe...anywhere form 20% to 200% (for certain gold coins). The coming upside for the PMs and the stocks has become so painfully obvious that it hurts.

We have even been witnessing the big boys, the arch enemies of the barberous relic, such as JPM and even the World Gold Council and the IMF and even some of the funds and banks, in varying degrees, predict that gold wll be going to anywhere from $800 (form those most hateful ut are covering their bottoms) to $2000 and up. The Saudis just purchased $3.5 billon of gold; the Russians are expressing gold positive to purchase; the Indians are buying big time; the EU Central banks have almost stopped selling gold; US coin melt gold bars are showing up in strange places (ndicating that the US may have illegally/surrepticiously sold most of its 8000 ton reserves off over the last 50 years. It has not been officially audited since that time and demands are being made to do so to deaf ears).....it goes on and on. This will all soon become very apparent to those who ave not believed or have not cared about it all. Here is the latest notch up for the PMs:

Chris Powell (usagold.com 18November2008; 21:41)
China may add 4,000 tons of gold, paper says

China Mulls Raising Gold Reserve By 4,000 Tons: Report

From Dow Jones Newswires
via FXStreet.com
Wednesday, November 19, 2008

BEIJING — China’s central bank is considering raising its gold reserve by 4,000 metric tons from 600 tons to diversify risks brought by the country’s huge foreign exchange reserves, the Guangzhou Daily reported, citing unnamed industry people in Hong Kong.

The newspaper didn’t elaborate on the plan.

China’s forex reserves, at $1.9056 trillion at the end of September, are the world’s largest. U.S. dollar-denominated assets, including U.S. treasury bonds and mortgage agency bonds, account for a big proportion of the forex reserves.

* * *

For the full story:

http://www.fxstreet.com/news/forex-n...

I have just purchased some PNP and hold other JPMs. At this price, it ia an unbelieveale bargain...as are so many others.

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