"the beginning of the end for the gold shorts"

This Is The Beginning Of The End For The Gold Shorts

“I think it’s critically important for investors to realize that the COMEX warehouse is not going to wait for significant further declines in their inventories before they adjust their settlement mechanism.

Yesterday we pointed out that during the Hunt crisis there was this type of adjustment made by the COMEX Board of Directors. We also quite clearly demonstrated that there is a strong correlation between the present lack of supply in the gold market and what happened back in 1980.

So any further significant drawdowns on the COMEX warehouse are going to cause to the COMEX go to a new type of settlement…."

At http://www.jsmineset.com/2013/04/24/this-is-the-beginning-of-the-end-for-the-gold-shorts/ with a link to the rest of the article at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/25_Sinclair_-_This_Is_The_Beginning_Of_The_End_For_The_Gold_Shorts.html

My comments:

A very important read imo.

This has the potential to create a panic as the realisation dawns that even allocated gold is not available for its owners. In other words, the Emperor has no clothes.

In my opinion, if allocated gold, for which storage fees are of course paid, is not available to be delivered, then a crime has been committed.

But what's new with the banksters. Just look at all the financial settlements made since the 2008 GFC.

By the way, read the other week that now the most disliked group in the USA are ... you guessed it ... banksters.