behind the scenes
posted on
Jan 17, 2011 02:13PM
SSO on the TSX, SSRI on the NASDAQ
this is from lemtropolecafe.com:
The latest comes from our Stalker source (not from the spectacular London trader)…
*First of all he is up to his ears in business. Buying gold, silver and diamonds is a boom trade for him right now.
*Word to him is that JP Morgan has no intention of going to court. All the claims against them will be settled out of court. Makes sense … as GATA’s CP has said for a decade … the US would rather let our nuclear secrets be known than what they have done to the gold and silver markets.
*The Gold Cartel gang was waiting for a slow period to attack … right after the holidays and when "snow" was blanketing the northeast US, when many of the traders were still away or were preoccupied. And that is what they did.
*The Chinese have been stuck with a good deal of tungsten-plated gold bars and they are very upset about it. The bars were supposedly manufactured in the US. They want this gold to be replaced and a fair amount of it is to come from the Comex. A quid pro quo here is the Chinese are going to allow the US to devalue the dollar without making a stink.
(Again, have no clue how valid this is, but so far it fits. The dollar has gone in the tank while gold has been bombed … the idea being the US wants the gold price down as low as possible before it sets up delivery to the Chinese at the lowest price possible. If this is remotely the case, and our source is VERY credible, it is going to get very wild out there in the gold pits in the near future.)