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Here’s the video of my original interview, recorded on Monday,
February 27, 2012, about gold and silver price manipulation on the Keiser
Report with Max Keiser. Regarding my comment on gold-shorts being
“trapped”, I do believe that there will be times in the future
when gold and silver shorts will be squeezed and that this action will force
prices higher. However, data I had uncovered about Central Bank movements in
the gold and silver market led me to disagree that they were trapped at the
current time, and thus two days after this interview was recorded, my suspicions regarding a take
down in gold and silver that I had raised were certainly verified as
the cartel hit gold for more than $87 an ounce and silver for a whopping
$2.20 an ounce on the last trading day of February. Still, I believe that it
is highly unlikely that the bullion banks perpetually short gold and silver
in the fraudulent markets will ever be subjected to a short squeeze in the
manner that Goldman Sachs et al allegedly used
insider trading information to squeeze hedge fund SemGroup‘s oil shorts in 2008 to drive oil prices to $150 a barrel in a very
condensed period of time.
If bullion banks were taking the opposite side of the bet and were net
long gold and silver and were trying to squeeze speculators that were short
gold and silver for their own benefit, then I would agree that the shorts
could be run over and stampeded over, as happened to SemGroup
in 2008. However, because the bullion banks perpetually maintain positions
that suppress the price of gold and silver, I don’t ever foresee them
getting run over in a manner comparable to what happened to Semgroup. And if, oh joy, the bullion banks’ shorts
against gold and silver were run over, I’m not necessarily sure that
they would choose to add longs to counter the losses of their shorts. Given
the precedent we have from the MF Global fiasco, I could even foresee the
bullion banks just defaulting on their short obligations and turning to the
regulators that continually aid and abet (SEC, CFTC, et al) them to wipe
their debt clean. I sure hope that this would not be the case, but no future
criminal act of the banking cartel will astound or surprise me anymore.
Despite the transparent Bullion Bank and Global Banking Cartel attacks
executed against gold and silver futures and spot prices, always remember the
following: Gold is Sound Money. Silver is Sound Money. The money Central
Banks tell us is “money” is not. Sorry for the funny angle of my
webcam during this interview!
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