Re: Gartman on BNN Now
in response to
by
posted on
Dec 16, 2011 02:13PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
IMHO the interview today confirmed to me that the current take down of Gold was a well planned, coordinated attack. Gartmans apparent call of a top was broadcast by the MSM as if he was a messiah. In his interview today he included some key opinions that currencies always go to zero and gold is the best protection and that we are in a long term bull. The main difference between Gartman's position and mine is timing.
There is no denying the connection of JP Morgan (rumoured to have a massive short position in the PMs) and the collapse of MF Global(biggest clearing house for Comex futures and options). Is it a coincedence that JP Morgan inventories went up the precise amount of the PMs that MF Global alledgedly stole from it's clients. Is it a coincedence that client accounts that were requesting delivery were frozen by a trustee triggering a margin call that led to the theft of contracts that were in many cases $400 in the money. The resulting loss of confidence in the safety of margin funds in segregated accounts keeps buyers aways allowing sellers to win the day.
Why Corzine? IMO I think the perpetraters of the fraud needed him to use his power and connections to Gensler of the CFTC. I also think they thought the Democrat Honorable Jon Corzine could sell the media that he was an innocent victim.
I listened to an interview the other day and the suggestion was made that agents for the buyers are now going directly to the producers in order to ensure they are getting the goods.