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Why are Big US Banks Short Selling Gold and Silver?

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posted on Feb, 13 2009 @ 07:26 AM
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I found this story. Link Here


three U.S. banks represent a shockingly large 60.57% of all the commercial net short positioning on the COMEX for gold.


The banks don't seem to have a good track record. Gold is up almost 10% in the last, so in the normal course of things a correction is possible. But its been awhile since anything was normal! It appears from the story that they are just about the only ones short selling. It looks fishy to me.




posted on Feb, 13 2009 @ 08:41 AM
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Open Interest in Gold Call Options exploded since the election. Guess who is taking the other side of those bullish bets? Odds are then that Gold wont make an explosive move to new highs until after these options expire (after June at the earliest). That doesnt mean that we cant flirt with the highs (1000 plus) first tho.



posted on Feb, 13 2009 @ 09:31 AM
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To make money. Tada, conspiracy over.



posted on Feb, 13 2009 @ 09:36 AM
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How about just another attempt to sponge up cash an then wallah a "correction". Investors lose bank wins.



posted on Feb, 13 2009 @ 09:37 AM
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They probably have other positions which would be adversely affected if there were a sudden decrease in the prices of precious metals, so they have hedged by taking an opposite position the commodity market, thus reducing the risk in their portfolios. This is what the commodity markets are supposed to be doing for us.



posted on Feb, 13 2009 @ 10:50 AM
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John Todd said back in the 70s that when the time came for the NWO/Illuminati to actually take over, they would begin bankrupting their own companies, and other large corporations.

Do we see that now?

On another note: Comex doesn't represent actual physical gold and silver. Know why the Hunt Brothers were prosecuted for "cornering the silver market"?

They KNEW the price of silver was WAY below what it should be. So they bought something like 100 million ounces of PAPER silver, and said "We want delivery of the actual silver". That's right, they were persecuted (notice the spelling) for buying something, then actually wanting that something delivered to them.



posted on Feb, 13 2009 @ 11:15 AM
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EVERYONE is short-selling! Gold and silver are speculative hedges that have been bid-up over reason.



posted on Feb, 13 2009 @ 11:24 AM
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they are selling gold because their short options expire

they are taking any profits made...
gold will be going above $950 in the next 30 days so they are probably
dumping their short options for long options due in April.


or some other logical reason.



posted on Feb, 13 2009 @ 11:31 AM
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Originally posted by sir_chancealot
John Todd said back in the 70s that when the time came for the NWO/Illuminati to actually take over, they would begin bankrupting their own companies, and other large corporations.

Do we see that now?




John Todd. Now there is a name you very very rarely hear anymore. Information on him, other than what he said, is equally rare. Interesting.



posted on Feb, 13 2009 @ 11:37 AM
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Public clamoring for Bullion and Banks are selling it to them....Hmmmm.
Is Gold another Bubble about to burst (deflationary prick will do it)?????



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