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Message: Here's a bunch of stuff from Midas - Must Read
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Here's a bunch of stuff from Midas concerning the "disconnect" of paper prices from physical, or real metal. Gold and silver bugs have known instinctively for over a decade that the paper price discovery method was a fraud. It is the way the American Empire steals or extracts tribute from its client states and any others it can suck in. They simply rig ALL commodity prices with derivatives so that anybody in the world who produces a tangible asset receives a fraction of true value. This varies from half true value all the way up? to 1% of true value in the case of gold and silver. One could make the case that since settlement is in US dollars that all commodities are almost free as the US dollar is worth about 2% of its 1900 value. Anything sold for US dollars is a donation to the Empire.
Subject: Fw: Midas MUST READ
> Two important points in Midas: Russia is buying Euros ($4 B worth) - and
> therefore dumping dollars in its central bank reserves. It is also,,,,as we
> know,,,,currently buying its own gold production. This is Russia's response
> to the US attempt to alienate Russia and Europe during the Georgia Invasion
> event. Russia is attacking the US where it REALLY hurts, its dollar. I
> expected them to cease taking dollars for their oil,,,,but heck, this is
> more subtle and does the maximum damage at the best pay back for their
> country! Assume that Russia is also buying gold on the COMEX.
> therefore dumping dollars in its central bank reserves. It is also,,,,as we
> know,,,,currently buying its own gold production. This is Russia's response
> to the US attempt to alienate Russia and Europe during the Georgia Invasion
> event. Russia is attacking the US where it REALLY hurts, its dollar. I
> expected them to cease taking dollars for their oil,,,,but heck, this is
> more subtle and does the maximum damage at the best pay back for their
> country! Assume that Russia is also buying gold on the COMEX.
I think China is doing this too, although they have not been as blatant in
announcing it. Mind you, China was not insulted like Russia was in Georgia.
So, Russia is making its financial response as visible as it can and that is designed
to send a message to the United States about payback. Russia is the number 3 rank
order holder of US dollars in the world, after China and Japan respectively. If Russia
decided to wholesale dump its dollar exposure, they would take down the US Treasury
market, and that would bankrupt the United States overnight. It boggles the mind to see
the US in one military adventure after another that seems to be intended to offend its
creditor nations. Are the Americans crazy or are they simply applying the philosophy
first expressed by John Connoly back in 1968 when he said, "It's our dollar but your problem."
>
> Also:
> Something to consider before you read the following: I am going to
> speculate that the gold and silver commercial shorts which include
> Goldman Sachs JPM Citi etc have come to the realization that they have
> such a huge problem that in order to save their own skin it was worth
> putting on illegal trades for all the world to see. Prior to the past 5
> weeks their trading has been stealth and cagey, we knew what they were
> doing but only had circumstantial evidence. That's why Mr. Friedman
> below always gave them the benefit of the doubt. So what's going on? In
> 2001 the commercial short position on the COMEX was around 20,000
> contracts or 2,000,000 oz. Recently it has been as high as 400,000
> contracts on all exchanges or 40,000,000 oz. Ever 100 dollar move in
> gold up or down represents a 4 billion dollar gain or
> loss to this group of 4 to 8. If gold goes to 1,200 dollars from here
> they could be upside down 16 billion dollars. Their problem is, and they
> know it, if they try to buy 40 million oz in the open market to close
> their short positions they could run the price of gold to the moon, that
> is way past $1,200. I think the persistent physical
> shortages in the two markets was a wake up call that the market was
> setting up to trap them. Their panic or concern has led them to put
> aside all caution with regard to the rules and laws that govern how our
> markets are to trade. They have clearly broken the laws of the CFTC and
> SEC. The same laws that have prosecuted past manipulators like the Hunts.
>
> Will the large commercial shorts win this battle to control the price of
> gold and silver? In my opinion no way. Now for a little history. In 1944
> the US Treasury had 42,000 tons of gold, by 1971 we had sold 33,500 tons
> in an effort to keep the price of gold at $35.00 an oz. As a result of
> the London gold pool blowing up Nixon removed all gold backing from our
> dollar. They lost the war in 1971 and look to be in trouble again. The
> simplest laws of economics are against them, you cannot manipulate the
> price of something of value that is in short supply. They have been at
> this for some 64 years looks like the end game may be in play.
> W Bishop Jordan
> ********
> There's also an interesting bit about a recycler who is being offered prices
> for his scrap that are 40% over spot silver from his refiner.....The
> refiners cannot get product to process,,,,and that means COMEX is going to
> be even later for deliveries!!!
> This is smelling more and more like end game. .Those that have silver are
> not dishoarding as the FED crooks hoped,,,,and this latest intervention was
> so obviously a rig job that the system may have even damaged the credibility
> of the futures markets in metals....If this is the case,,,,we may see some
> REALLY weird trading patterns on the COMEX.....Note how the shorting has
> been increased as "necessary" to tank the price. This is not subtle
> anymore,,,,it is blatant! It is so blatant as to perhaps inhibit playing the
> paper game.
>
> Also:
> Something to consider before you read the following: I am going to
> speculate that the gold and silver commercial shorts which include
> Goldman Sachs JPM Citi etc have come to the realization that they have
> such a huge problem that in order to save their own skin it was worth
> putting on illegal trades for all the world to see. Prior to the past 5
> weeks their trading has been stealth and cagey, we knew what they were
> doing but only had circumstantial evidence. That's why Mr. Friedman
> below always gave them the benefit of the doubt. So what's going on? In
> 2001 the commercial short position on the COMEX was around 20,000
> contracts or 2,000,000 oz. Recently it has been as high as 400,000
> contracts on all exchanges or 40,000,000 oz. Ever 100 dollar move in
> gold up or down represents a 4 billion dollar gain or
> loss to this group of 4 to 8. If gold goes to 1,200 dollars from here
> they could be upside down 16 billion dollars. Their problem is, and they
> know it, if they try to buy 40 million oz in the open market to close
> their short positions they could run the price of gold to the moon, that
> is way past $1,200. I think the persistent physical
> shortages in the two markets was a wake up call that the market was
> setting up to trap them. Their panic or concern has led them to put
> aside all caution with regard to the rules and laws that govern how our
> markets are to trade. They have clearly broken the laws of the CFTC and
> SEC. The same laws that have prosecuted past manipulators like the Hunts.
>
> Will the large commercial shorts win this battle to control the price of
> gold and silver? In my opinion no way. Now for a little history. In 1944
> the US Treasury had 42,000 tons of gold, by 1971 we had sold 33,500 tons
> in an effort to keep the price of gold at $35.00 an oz. As a result of
> the London gold pool blowing up Nixon removed all gold backing from our
> dollar. They lost the war in 1971 and look to be in trouble again. The
> simplest laws of economics are against them, you cannot manipulate the
> price of something of value that is in short supply. They have been at
> this for some 64 years looks like the end game may be in play.
> W Bishop Jordan
> ********
> There's also an interesting bit about a recycler who is being offered prices
> for his scrap that are 40% over spot silver from his refiner.....The
> refiners cannot get product to process,,,,and that means COMEX is going to
> be even later for deliveries!!!
> This is smelling more and more like end game. .Those that have silver are
> not dishoarding as the FED crooks hoped,,,,and this latest intervention was
> so obviously a rig job that the system may have even damaged the credibility
> of the futures markets in metals....If this is the case,,,,we may see some
> REALLY weird trading patterns on the COMEX.....Note how the shorting has
> been increased as "necessary" to tank the price. This is not subtle
> anymore,,,,it is blatant! It is so blatant as to perhaps inhibit playing the
> paper game.
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