posted on Nov, 23 2010 @ 07:26 PM
it's a little bit like when people vote, or maybe choose not to vote. it's apathy. how can I make a difference.
Currently there have been some very strange movements going on with gold.
check Kitco, as there is a nice little graphic there that tells you whether it has gone up or down because of buying or strengthening or weakening of
the USD. Today for example the USD got stronger which put downward pressure on Gold. to the tune of around 10 dollar drop in price. However the amount
bought made an increase of 20 dollars. net result gold went up 10 dollars.
Considering that billions of ISD are traded on the Forex market everyday, that is a hell of a lot of gold being bought. probably by China.
Silver is in much the same boat. but the difference is, that Silver has broken the link with gold, and according to James Turk, and GATA is now being
traded as currency rather than commodity.
The point with the banks is that they have built up massive short positions based on paper contracts. i.e. there are hundreds of millions of ounces
"held" by them for private investors. Obviously they want to keep the price low to stop people from cashing out, as they will make if the price goes
down. But they fear even more all these people demanding physical delivery, Purely because they do not have the reserves of physical silver to back
all their contracts.
The point behing max kieser is that if everyone in the US bought 1 oz of silver. then that would effectively suck dry the supply in the US. putting
the banks under massive pressure, when people start to demand physical delivery of their investment. Which again according to James Turk people are
Result is that when the silver drys up. as above ground supply is approaching zero, the fraudulent manipulation via the reserve system that has been
going on will be painfully dragged into the daylight for ALL to see. net result on the shortage of silver is that it will force it up to it's true
valve. Some same around $150 an oz.
I saw a report yesterday that the future hedge for december expired today. and in order for the banks not to lose billions, they needed the price
below $25. as of today it is still over $27. but there was obvious downward pressure today to try and get it down, but it did not work, as everyone is
buying. The next few weeks will be very interesting. I feel, But I am not a financial advisor so what you do with your money is your business.
Gold silver for protection.. yes. trading as real money. yes.
Will it hurt the banksters. If we all pull together to buy up the supply AND if people demand physical delivery. then ....yes.