Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: Those "honest Central Banks", gold shorts and silver shorts

Those "honest Central Banks", gold shorts and silver shorts

posted on May 09, 2008 01:39PM


Interesting excerpt from MIDAS tonight re Bloomberg Europe guest"

"This morning just before 7.00 local time (seven hours ahead of ET), an analyst of Swiss Asia Capital was given free reign for about five minutes and his summary of the gold and silver fundamentals was a very eloquent summary of many MIDAS arguments." Central bank" selling was the euphemistic term applied to "the missing 15,000 tons of vault gold etc.", but then he was on Bloomberg in a restricted time slot. He actually speculated that the silver shorts held positions equivalent to 18 month' s current supply of a metal with restricted supply and ever increasing industrial applications! The magnitude of this calculation is somewhat larger than many other educated forecasts. Whilst this analyst may not, just as in your case, receive another invitation, and Manhattan may not choose to repeat his words in any montage of recorded highlights, the ability of the Lords of the Universe to manage ,spin, censor, distort and falsify mainstream financial reporting is clearly doomed. This was, after all on Bloomberg, right in the heart of their domain-I am amazed- I hope some local heads don't role! "

Share
New Message
Please login to post a reply