Mornin Baba

I can appreciate your position. We have all been told how the manipulation can't go on. It will only last until... etc. I presented the statement you refer to as my opinion e/g/ "..it feels like..." and am in agreement that opinions are like A'holes, everyone has one. So I thought I'd give a few of the reasons from recent reports that lead me to this opinion. (Thanks by the way, for the genltemanly way in which you offer an alternate position. All of the forum gets value from intellegent discussion!)

1 We are getting reports from numerous sources of gold shortage in London. Physical delivery is opposed in many ways that has never before been seen by london traders. Some have resorted to lawyers to force physical delivery.

2 The structure of the COTS shows that most of the shorts are held in very few hands. This is, of course ilegal for anyone that does not have a get out of jail free card from the government. This is manipulation and is more exterem than at any point in the past.

3 Actual counterfeit "good for delivery" gold bars have been delievered. I have not seen any confirmation to the claim that there were millions of these bars created or that hundreds of thousands of the bars were swaped for bars in Ft Knox, but that could only be confirmed or denied with governmment cooperation. That will come when Rosie O'donald beats Husain Bolt in the 100m dash.

4 The new jerk mafia continues to develop more tools for manipulation. The latest being the pm ETFs combined with the government allowing options against the gold and silver ETFs. This allows two different levers in the US markets to put paper pressure on metal.

5 The rules for the crimex were altered to allow settlement of gold contracts with ETF shares. This is combined with 4 above to defelce fiat from escaping to physical.

6 Globally the demand for physical gold has exploded. There more markets opening for people to buy gold and silver, (notable in the near east and the far east/Asia). These are new markets that are intended to bvreak the new jerk/london monoply of international gold sales.

7 Billions of new private parties are now allowed and encouraged to buy gold. As the # of people employed in the Brick nations increases they increase the demand for physical gold. Individuals buy coins and small bars, not paper. Counterfeit coins have surfaced in the past, but they are easy to spot and have never been widely encountered.

8 The washington accord nations have turned from net sellers to net buyers.

9 Nations have started removing gold and silver from the cartel nations and bringing them to more trusted secure storage.

10 The amount of gold and silver produced each year is shrinking! Each new ounce is getting harder to find and harder to mine and bring to market. (New supply shrinking, new demand increasing.)

11 Nearly ALL fiat is being pumped (printed) by worlds in all corners of the globe.

12 Manipulation is stress in the market. As stress builds, it must either be relieved (Manipulation ceases) or the system (that which forces the price of the metals down) will break.

13 Slow deliveries of silver from official sources. The frequent stoppages of US minting of gold and silver bullion coins even though the law written to authorize then includes tha mandte that they be provided insuficient quantity to satisfy demand.

14 Short paper on the crimes pushing historic levels for extended time frames.

My opinion is, of course, not scientific, but it is not hard to understand that the more stress applied to a system, the more likely the system will break.