grandich report ... comment on mining stocks, page-6

ashwil - 'The shorting going on in the precious metals and gold stocks is weighing heavily on them. That certainly plays into the hands of the large miners who, as you said, will be stealthily acquiring the juniors with the best prospects at bargain basement prices right now.'

Make no mistake mate, the majors are part of this and Barrick have even confessed so. The cartel convinced the majors to hedge, thereby assisting in the supression and there payoff is to be able to replenish their reserves from juniors at rock bottom prices due to the suppression of the mining shares. Here is Barrick's confession:

Barrick Gold, then the largest gold-mining company in the world, confessed to the gold price suppression scheme in U.S. District Court in New Orleans on February 28, 2003. On that date Barrick filed a motion to dismiss Blanchard & Co.’s anti-trust lawsuit against Barrick and its bullion banker, JP Morgan Chase, for rigging the gold market.

Barrick’s motion said that in borrowing gold from central banks and selling it, the company had become the agent of the central banks in the gold market, and, as the agent of the central banks, Barrick should share their sovereign immunity and be exempt from suit. Barrick’s confession to the gold price suppression scheme is posted here: http://www.rba.gov.au/PublicationsAndResearch/RBAAnnualReports/2003/Pdf/…