turbulent. times head.

  1. 143 Posts.
    I Posted this elsewhere in error. Gold is entering period of volatility. The forces driving prices down are the massive shorts presided over by JP Morgan et al in their desperate efforts to suppress price using enormous paper trades on the sell side. This activity has the blessing,and probable support of the US reserve bank and others intent on protecting the $US's status. These, forces of evil, also appear to have the support of big media who publish negative articles about precious metals. We are exposed to them daily. October can be a down month for gold historically but history probably isn't much help to us in the prevailing climate. The forthcoming Indian marriage season traditionally increases demand. Banks around the world are buying big time. Geo Soros and Paulson are buying. The uncertainty generated by the price suppressers, because of the now familiar repeating patterns are rapidly eroding their credibility; witness the recent silver smack down. It was attenuated in both impact and duration. Credible analysts, (not metal merchants), are predicting a looming end game that is going to bring this manipulated edifice down. No one knows when of course. Like the growing band of believers, I am holding the metals and their miners. Probably just preaching to the converted here but a bit of re-enforced commitment can't hurt aye?
 
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