Gold: Musings & Peptalk

Gold: Musings & Peptalk

www.goldnewswire.net

GOLDMAN SACHS LIQUIDATES

A small news item appeared in the press this week, one which gathered almost no attention. If Morgan Stanley expects gold to slide all year, and silver to slide all year, like down to $11 per ounce in a corporate research forecast, then maybe they should tell Goldman Sachs. The kings of insider trading, taking full advantage of both USGovt implemented policy and politically managed commodity indexes, Goldman Sachs made an important move. They covered their remaining 69 short gold futures positions on the Tokyo Commodity Exchange (TOCOM). They have reduced their position to zero. In May 2006, the GSax position reached 52,000 short gold contracts. Now it is zero. TOCOM is unique, unlike the corrupted US commodity exchanges, since it requires all parties to post and publish their positions in a public manner. So Goldman must know something about the hugely positive prospects of gold. How about the new currencies to arrive by the stork in about one year time will all contain a gold component??? The simplest statement one can make about Wall Street is that traders became traitors.

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Jim Willie is probably one of the best gold analysts in the business. One of the reasons he's the best is that he doesn't try to time the market and make crystal ball type predictions. Jim has successfully predicted the massive destruction in the financial industry that we're now witnessing.

Jim claims he has insiders in the US Government feeding him information. I'd be skeptical, but I think his predictions would have been a little more than lucky if he didn't have inside information. As a publisher of financial content, I read a ton of material, and Jim's financial analysis articles stand out above the rest. If you want to survive and prosper in this massive financial meltdown, than read Jim's articles for guidance.

www.goldnewswire.net
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[edit on 2-3-2009 by poppabear]