Posted on 09/05/2009 9:58:26 AM PDT by John123
And the suspicion is that the Chinese national funds are behind them...
This is obvious manipulation of the Silver and Gold markets... and for years... they have been allegedly "stealing" money from other traders by manipulating the price movements. And now, China is recognizing that this heavy short position is a disaster in the making for them... and the commodity exchanges have virtually no enforcement powers to make China cover or deliver the metals... China is threatening to walk away and leave the NY investment banks holding the bag.
Another thing... this massive short position in the relatively small precious metal market... is probably the major reason why we haven't seen a runaway price escalation in Gold and Silver yet... in spite of the 24/7 printing presses all around the world.
My conclusion is that things are going to end very badly for those of us who aren't prepared... this is the reason why I posted this thread...
It may very well happen... in my opinion... this is a very good article to read for any serious silver investor... Warning Ignored
Either that, or you sell gold. :-)
I'm not sure how you reached that conclusion but I don't.
—So are you saying if these short positions don’t hold, gold and silver will go up even further than the run up in the past two weeks?
Am I wrong in thinking that part of this is China’s lack of confidence in Obama to pull America’s economic woes back into Capitalism where it belongs?
That would be the million dollar question. And NOBODY is talking about that...
Here's my thought... if the biggest holder of our foreign debt decides to walk away from it's massive short positions in precious metals... who is going to stop them?
I can only guess that the repercussions will probably destroy the integrity of our commodity exchange markets... JP Morgan and HSBC may need to be bailed out... our government may institute price controls on precious metals... or even take them away from you (all in the name of public good of course).
So in short... your paper assets may become very volatile... you may need to bury your gold and silver coins in your backyard... :)
I've been expecting stagflation for some time and can't figure out why the stock indicies are trending up with all of the fundamental, structural issues simmering in plain sight just like the Internet and housing bubbles. Besides 2/3rds of the economy unemployed or on the sideline, prices and interest should be ramping up in relative proportion to Treasury monetizing our debt.
No... it appears that China/Bullion banks has been shorting precious metals for years... check out the link on post 2.
Or is it the ‘crisis’ Obama needs to finish his ‘communistic’ takeover? I mean the Chinese Communist Flag is to be flown on the White House lawn, Sept. 20th, correct? Isn’t that also Van Jones’ birthday?
Bingo! You got it... all that massive money the feds have been printing seems to be jacking up the prices of all assets (including stocks)... I believe this is what happened before the stock market crash back in '29...
The damn buzzards are circling for the kill...
My question would be, who is going to pay them?
Well, D'UH!
Albeit all legal.
Million$ bonuses? Scams right and left? A system where the losers must significantly outnumber the winners for the croo... errr the investment firms and executives to rake their obscene salaries and bonuses off the top?
Individuals are pretty much at their mercy, but anyone who doesn't see the fundamental systemic flaws has to be brain dead.
You and me bubba... you and me...
What is your definition of “prepared”? (Other than fresh water, canned food, lead and gunpowder, which are givens).
That would be the U.S. Commodity Futures Trading Commission (CFTC).
The author of the article at the link on post 2 warned CFTC 3 times that these NY banks were obviously manipulating the commodity markets... and the first two investigations concluded that there were NO manipulations going on...
Currently, there is the third investigation going on, but darn it all... it is gonna be a little too late...
Massive deficit spending and money supply creation leading to inflation SCREWS ALL SAVERS OF WHOM THE CHICOMS AND JAPANESE ARE THE MOST PROMINENT.
I think the Chicoms are engaging in economic warfare by vowing to renege on losing commodity trades.
I wonder if this all leads to a trade war? Smoot-Hawley and the trade war in Europe were major factors in the Great Depression. Could we see the same scenario unfold?
No thanks... to have the equivalent holding in silver... you need storage space that is 10X bigger...
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