Gold will be the last man standing
posted on
Sep 27, 2012 12:49PM
Gold $1773.60 UP $20.30
Silver $34.55 UP $ 0.56
It would seem that the suppressing tactics of the cabal are proving to be more and more shortlived. Their attack that started last Friday has ended in failure with buyers aggressively pushing prices back up. Sinclair has mentioned that the current tapping at the 1780 level and falling back is a game by the bankers for accumulation. The sad assumed fact is they push prices lower with public obligated funds while they buy for themselves. How about all the past auctions of public gold, who were those undisclosed buyers who now have a tidy profit?
J.P Morgan appears to be in serious trouble again with their nearly 50% of the short position in the silver market. Morgan's hopes of buying back silver lower are fading fast. With more and more international trade contracts being consumated in currencies other than dollars, how close are we to added pressure finding its way into the dollar market with much higher metal prices? Once the monthly highs are taken out in and about the $1780 level with a monthly close above it, it will be off and running again for gold and silver.
Another inqusitive question is, how much more discounting in share price and thus discounting in the value of gold at our Borden Lake resource can take place before someone with a brain sees the light of day and slays the likes of anonymous and their accomplices?