Some quick quotes from tonight's Midas
posted on
Apr 07, 2010 06:05PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
All,
Below is HUGE news, as once the "gold manipulation genie" gets out of the bottle, it will be ALL OVER for the gold cartel.
Last week’s CFTC hearings and accompanying whistleblower testimony (coupled with an attempt on the whistleblower’s life the NEXT DAY) have been largely suppressed by the media, but thank god for the internet as the info is now spreading like wildfire all over the world.
So far, only the largest players in the market (such as the Chinese and Russian governments) are aware of the rigging, as well as a tiny bit of the "smart money" such as Soros, Rogers, Paulson, etc.. But the Central Banks such as the Chinese need to be careful not to run the market up and "spook" the masses into buying the world’s remaining gold up. But now that the masses are getting educated, the competition for this scarce remaining gold will heat up in a hurry, IMO.
Not to mention that the supply/demand fundamentals for gold/silver are SCREAMING buy. And don’t forget that Sinclair’s final pillar of a gold bull market is the collapse of U.S. Treasury Bonds, which are on the cusp of happening right before our eyes.
The opportunity to purchase gold/silver at a reasonable price is nearing an end, so please PROTECT YOURSELF before the FEAR of accelerating inflation (as well as the realization of the multi-trillion dollar paper gold/silver Ponzi scheme) takes over the public consciousness, both in the U.S. and abroad.
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Evidently there is indeed a buyer lurking in NY. Gold surged $8 on the floor open to an intraday high (so far) of up $10. Estimated volume at 10AM looks as if it will be in the order of 70,000 lots, with some 50,000 done since the open – which is respectable. With the technical situation developing positively, this could become a problem for the Bears.
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A former executive of Citigroup Inc. is telling a panel investigating the roots of the financial crisis that he warned former chairman Robert Rubin and other bank leaders about the coming mortgage crisis back in 2006.
Richard Bowen says other Citigroup executives were violating the bank's own risk management standards starting in 2006. He says he discovered in the middle of that year that over 60 percent of the mortgages bought and resold by subprime subsidiary Citifinancial Mortgage were defective. Bowen was chief underwriter for the division.