frdm45

Gold Bugs Are Warned, Again

Oh, and try to lighten up as well.

Gold Bugs Are Warned, Again

BE WARNED!

Your article points to the manipulation of the gold market. This is a fact, not a conspiracy theory, JPM has sold more gold and silver short than one years total world gold production and a significant percentage of silver.

Yes, you're right, the miners have negative cash flow. Its because their costs are higher, and their commodity, gold or silver, is no longer allowed to find true price discovery on the metal exchanges. At the recent gold conference in London, the consensus of most of the miners was that costs are close to $900/ounce.

So be warned. Two things will happen:

One - the paper fraud will be exposed for what it is (naked shorting) and when cental banks and investors realize there is much less physical gold and silver floating around than claimed by the fractional reserve systems supposed to hold it, the price of gold will really start to move and the miners will move in accordance.

Two - the paper fraud will continue and if you see gold dropping towards $900/oz you will see much gold production and exploration come off-line, and what will that do to the price?

I doubt we will see gold below $900/oz again in our lifetime unless we have a complete collapse of our sociey in which case garden tools will be worth more than gold (which I don't think is likely).

So be warned!

PS - Can you please stop using that phrase? Most of us here respond to a logical argument and don't need to be condescended to by someone who sounds like our father or the school principal.


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Silver Prices Are About to Fall

Good bull and bear comments for the most part, IMHO. One quote comes to mind:

"It's not pulling back very much. And it's not giving people who haven't yet invested a chance to get in at a lower price.That tends to happen in a bull market; people wait around for a correction, but it never goes down far enough to give people an opportunity to get in at a more favorable price."


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