Lionheart

Is Gold Getting Ready to Bounce?

Yes thank you. I don't think I have every used tantamount in a sentence before :-)

Is Gold Getting Ready to Bounce?

Tell that to the silver market. The manipulation in silver is getting so blatant its stupid. Its tad amount to a guy walking into a room full of people and shooting someone then walking calmly out of the room.

Several distributors I know are taking delivery of 1000 oz bars and making their own 100 bars. I know one supplier that purchased millions of dollars in American and Canadian gold and silver coins.....FROM EUROPE. Because there is no supply here. But yet the NYMEX says there is plenty.....because silver got killed again today.

(poof) - as I blow smoke from the barrel of my gun while everyone watched me do it........

Greg McCoach: Financial Catastrophes and Outlook for Gold

Product is still trickling into my small business.....but it's getting harder and harder to get it. The wholesalers I use have been in this business 25 years and have seen nothing like it. I think that you are VERY VERY brave to short a commodity/monetary instrument that is in very short supply. What people don't understand is....there are 10s of THOUSDANDS.....of millionaires. They can take down a WHOLE product in one sale. Whether its Krugs, Silver Maples or Gold Eagles. These millionaires....are now entering the system. As the financial system gets worse......more will enter driving the prices even higher.