sandspider

Why Gold Enthusiasm Is 'Cool' Again

I just can not help myself. I went and bought some more gold and silver, despite the naysayers. On my end of the world we have the UAE wanting all of their gold from the London banks. And they want it now. London is pissed and dragging their feet. Does the UAE know something others don't. UAE is wondering away from Saudi some say because they are to much in bed with the US. Either way there will be at least two large gold consortium's here in the M.E. within a year. One will be in direct confrontation with Comex. Got to love it! And word on the street has it that Germany just told the US that they want their gold returned and no longer want to store it over in the America's. And they are dragging their feet. Hmmm, and now we have China making deals with several Third tier countries to trade for commodities in their currancies. Other words on the street is that China is using some of those good ole US treasury notes and junk bonds as collateral for hard goods which they are stock piling like mad. Examples being iron ore, copper etc. They even told the IMF go ahead and sell your gold.... I take that as "we got the money and we are buyers". Take that with the small amount of gold being offered and IMF will either put up or shut up. Doubtfull the bastards will shut up but I don't think they are going to cast into the waters either. There is so much out there that shows gold and silver are going to be going up. Yeah summer is on us and it may drop back but this fall I can not see even the manipulator sisters of JPM and their brothers in crime being able to take enough shorts this time to keep it down. I could be wrong no doubt. But between China, Russia, Middle East and all our other "friends there is a lot of money out there and it is going for the gold.