richard greene documents the subterfuge going on in the commodity and financial markets. he goes on to explain how the fundamentals for precious metals have never been better, and they are getting better still.

The relentless selling we have seen over the past month in precious metals was kicked off by the manipulative interventions occurring right around the time of the Fannie Mae and Freddie Mac implosions in mid-July. Unprecedented short selling by two major banks in the futures market along with waves of naked short selling of resource stocks pushed indices and stocks through technical support on charts.

Yamana Gold, which is one of the most successful gold companies saw short interest rise 72% in the first two weeks of August (without counting all the naked shorts). There is no reason to short this stock; it has been a star performer. Many investors have given up and portfolio managers that haven’t given up are now forced to sell due to redemptions. These investors believe that the market is telling them a message and don’t realize it is not a market message but a heavily controlled manipulation to make them believe so and to dupe them out of their positions.

The official explanation of this action is that we are experiencing deflation and all things real will crash. A deflation scare is mainly useful to the financial authorities for one main purpose; to justify the next round of government-sponsored inflation.

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