Gold Potpourri - 500 Beiträge pro Seite

[Justin2000]

im englischen werden immer mehr die Manipulationen im Gold bekannt. Hier ein englischer Artikel darüber. Viele Großbanken sind darin verwickelt.
GOLD POTPOURRI
Mr. Greenspan`s futile effort to get the Swiss to sell or lease more gold quickly was an act of desperation. The market needed more liquidity to continue to suppress the price. On 9/11/01 and thereafter and everyday, J. P. Morgan Chase, Goldman Sachs, Citigroup, Deutsche Bank hammered the price down. They could now easily be over 20,000 tons short. The gold they are selling has to be repaid, because they don`t own it.

We expect another 1/4% cut before the year is over. The ECB followed in sympathy supposedly, lowering their rate 1/2% to 3 3/4%. We also predicted they were about to do so previously. Lowering rates hasn`t helped Japan and it won`t help the US and EU. Lower rates are very bullish for gold as it cuts carrying costs. This sets an atmosphere of bullishness not seen since 1931 and 1978. These lower rates guarantee a lower dollar at the month`s ahead.

The outlook for gold has never been more positive, especially with the pending lawsuit hanging like the Sword of Damocles over the heads off the gold manipulation cartel. Every time the FED is forced to increase the aggregates in the system they just create a more bullish scenario for gold. Such as the $100 billion plus they just poured in to keep the dollar and the Dow from tanking. Rigging the markets does not work. It only prolongs the agony. It also sets the stage for explosive moves in gold and silver. You must be long these metals whether in bullion, coin, stocks, options or calls. They can`t suppress gold forever and when it goes it will fly. There is absolutely no question the price of gold has been suppressed since 1986. The first major overt act by the FED was during the 1987 market collapse when they sold IMF gold holdings and drove gold prices down $100.00 an ounce in one day. In 1995 they became ever more sophisticated in their manipulation and have been at it ever since. Making matters worse the FED has been manipulating all markets in various degrees. The two biggest players in the gold manipulation are Goldman Sachs, of Abby Joseph Cohen fame and J. P. Morgan. They, Citigroup and Deutsche Bank have been the shills for the FED and the US Treasury. J. P. Morgan Chase is point man and unless the US government and the FED guarantee their eventual losses they`ll go bankrupt.

What was Robert Rubin doing at a closed-door meeting of congressional leaders? Why was he meeting with Alan Greenspan? Could it be that the gold cartel`s manipulation is about to collapse?

Gold sales are booming

Thailand traders sold as much gold jewelry on 9/12/01 as they sold in the average month this year. India reported a 30% increase in sales and they make up over 20% of all gold jewelry. Coin sales in the US are so strong that premiums have risen on bullion coins. All we can say is for the last four years we have been right in all our projections and we think gold is about to move higher in spite of the gold manipulation cartel. Demand is so overwhelming it can`t be stopped. Once the derivative market cracks and the bullion banks fail to deliver the price will soar.

Demand for gold bullion coins has risen by 30% over normal levels this past week, with 9 out of 10 calls being for Gold Eagles. Manfia Tordella & Brooke, a New York based wholesaler and retailer of precious metal coins and bars said volume increased five-fold since the attacks, as gold fills its role as a safe haven in times of crisis.

Silver closed at $4.70 on 9/19/01 clearing $4.56 and $4.60 like they Weren`t even there. The shorts quickly sent it down .22 cents and then it rallied .08 cents to $4.59 on Friday. ED&F Mann is short about 15,000 contracts, which is a dangerously large position. There may be four large shorts in silver, but they have a problem and that is there is no silver in central banks and we won`t see above ground stocks until $5.80 to $6.00 an ounce. Silver is up .34 cents in a week and it can only be caused by one of two reasons. Bond yields are moving up and that is inflationary, and, July silver imports were up 34% from July 2000 and they are up 48% versus May.

We have heard that a large wholesaler of American $20 gold pieces recently had a very large French buyer for the first time in 20 years. There is also a rumor that a large purchase of gold was made in England.

Engineers say water is already running through the tunnels under the Hudson River to under the World Trade Center site. It is feared water from the river could get into the vast seventh floor basement and fill the underground train tunnels all over the city. A plan has been devised to avoid this, but it could fail. If it does the massive amounts of gold and silver in the vaults, under the WTC, could be lost. That is if it`s really there.

Newmont`s stock has been under selling pressure due to a sell recommendation by Prudential, which also recommended Placer Dome as a hold. They must be intoxicated.

We continue to strongly recommend *Agnico-Eagle (AEM-NYSE), *Goldcorp (GG-NYSE) and *Starfield Resources (SRU-CDNX).



Robert Chapman

September 24, 2001

THE INTERNATIONAL FORECASTER
An international financial, economic, political and social commentary.
Published and Edited by: Bob Chapman
FOR A FREE INTRODUCTORY COPY GO TO:
Robert Chapman [e-mail]

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