Who is the joke on now?
posted on
Jan 24, 2013 11:21AM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
Well, as discussed here a several years ago, the guesstimated grand plan of the cartel was to obliterate the junior gold/silver sector, suppress the producers and play along with the big producer/allies. The obvious objectives were to discourage anyone interested in sector to invest. That has worked in spades. There are few retailers left.
The real objective was to set up a scenario that would enable the big boys to buy quality explorers and intermediates at pennies on the dollar, thanks to the biggest, lengthiest, criminal market intervention in PM in history. In other words, just about the tiime gold and silver were on the doorstep of 'the second leg up' in the long PM term bull market... many juicy 'victims' would be cornered, desperately seeking funds to survive. The plumb of acquiring dirt cheap gold and silver resources in the ground ( 'deep' vaults ) was the prize. Suddenly, the depleted gold reserves of the big banks would have future collateral via the big producers. Voila! Problem solved in time to ramp up U.S. ( Western bank) gold/silver 'reserves' as the talk of 'gold backed' currencies raised it's ugly head, threatening the global reserve currency 'greenback'. As noted, we have just been made aware by the world gold counciil that China is indeed planing on such a move in the near future... while Germany and others want their 'stored' gold repatriated from U.S. bank vaults... the same gold that has never been independently audited...and suspectd th have been leased and sold into te markets leveraged 100 to one ( as per Geoffrey Christian, sycophant of the bad guys).
The big producers looked the other way as the devious plan unfolded with nary a one coming to the rescue of their little brothers... and billions were made shortiing the game...many pockets kept flush from 'the golden Geese' prolific raping party. It would not have been in their best iinterests to ask questions about the grand gold/silver suppression manipulation. It was 'tacitly' understood that they would not suffer too much in this scheme that was truly a 'too big to fail' dream come true... and reap even more huge rewards...all the while destroying millions of honest investors and even funds such as MF Global.
It would appear that the plan has gone awry in many respects though... and that there is some desperation in the air...timing, always, always timing. For one thing, we see the shareholders of such members of the den of thieves as, for example, Barrick, pretty rambunctious. Gee, ABX has gone from $56 in late 2011 to almost $33 today. Many others have faired worse. Whoops! Not to worry, the good times are coming. But what happens if gold and siilver get away on 'them' too fast now as the spot priice uncouples from the devious paper futures price? Hmmmm. What if opportunisitc buyers suddenly 'get it' and start bidding up for the 'in-the=ground' deep storage gold and silver? How will the complicit ETFs fair if it is revealed that their cupboards are bare? They need gold and siver reserves in a big hurry now... or the 'plan' could unravel in a hour or so. It seems HSBC has tipped their hand by just buying as much silver as they coould get their hands on from a Polish refinery. Weren't they a 'sub-custodian' of the ETF's? Every day, we see reports of massive buying and demand for both gold and silver from all over the globe. We aslo hear that above ground silver inventory is not sufficient as both industrial and investment demand soar. Hmmmm.
Well, I guess we'll see more desperate tactics, obvious tactics from the desperados. If that means blatant attempts to smash prices, so be it. However, the time left for these insults to the world is limited at best. Timing, timing.