$1880 [Archive] - Gold-Silver Forums

Serpo

22nd August 2011, 12:33 AM

What the mainstream gold world and Planet Wall Street do not understand is that one of the reasons gold is acting like it has been is because of a Commercial Signal Failure. There were a number of players who have played the gold trading game allied with The Gold Cartel. They would short and short and then cover those shorts when The Gold Cartel attacked the price and forced spec longs to sell. This is how they made money over and over again by being short in a bull market.
Well, over the past couple of weeks the game totally changed as The Gold Cartel began to lose control of their management of the gold price, as evidenced by the breaking of the 2% Rule. The total financial chaos in Europe and the US sent them into a panic, and instead of shorting more as the gold price rose (which they have done for so long), they became buyers (taking huge losses on their short positions), leaving The Gold Cartel to hold the fort. In other words, these commercial shorts abandoned the fort. This is what the GATA camp foretold long ago.
The other factors which have to have them spooked are:
*The strong potential for a bank holiday, which could be announced out of the blue.
*Central banks asking for their lent gold back. You won’t hear this outside of the GATA camp, but the notion of lent gold to support the gold price suppression scheme has been one of our basic themes of understanding the gold market. If central banks, like Venezuela, ask for their gold back, it could cause a PANIC, and has to have sheeple central bankers who have lent gold out, to be in a twit. These are risk adverse types whose worst nightmare is to be embarrassed and exposed to their public as having been duped into folly. If this is so, as I suspect, the price of gold is likely to advance much faster than even we thought, as nervous central bankers start making demands of those who have their gold. Yeah baby!

http://news.goldseek.com/LemetropoleCafe/1313960280.php