But today the news was announced that the FED and
the Treasury are going to bail Fannie Mae and Freddie
Mac. There was obviously no point in trying to keep
up appearances any more this is all out debauchery of
the US dollar. And in classic style Goldman Sachs did
their version of the Three Musketeers mantra "All for
GS, and GS for Us." In the July 14 session on the TOCOM
Goldman Sachs took an F16 out of Dodge! They COVERED
1,475 short contracts to bring their net short position
to 5,756 making this the LOWEST NET SHORT position they
have EVER held in the 30 months since I have been tracking
their position on a daily basis. This is VERY significant considering who the Treasury Secretary is ... the ex-CEO of
Goldman Sachs! If Goldman Sachs is covering on the ONLY
visible gold position that they have on the planet then investors should pay attention. The dollar is toast and
gold is ready on the launch pad ... watch this space!

Cheers
Adrian