Saturday, February 02, 2008

Goldfingers!

In the James Bond movie "Goldfinger" the villain Auric Goldfinger was prepared to do anything in order to increase the value of his gold holdings, including the nukeing of Fort Knox, to radioactively contaminate America's gold supply thus dramatically increasing the value of his own gold.

Just as it was with Goldfinger, there are extremely powerful psychopath's in suits on Wall Street and around the world, who for years have manipulated the world's precious metals markets for their own obscene profits and always at your expense!

Here's how the heavy hitters play the game.

  • They begin with an orchestrated negative spin on the precious metals markets which is predicated on disinformation and flat-out lies. The message is spread via the media, so called financial analysts, brokers, bankers, talking head business reporters etc. The reason is quite simple ... to keep you and me out of the precious metals market. There's nothing like a consistent dose of negative news to give you and I second thoughts about buying gold or silver.
  • Then the big players buy-up as much of the assets as they can get their hands on.
  • They build-up their positions.
  • Then the negative spin suddenly stops and now they go about the business of getting your business. Precious metals are aggressively marketed to you and me.
  • After precious metals hit record levels from the sudden increase in demand from the public, the heavy hitters bail-out at the peak.
  • After they have sold-off and made their mega-profits, the price and value of precious metals drops. Meanwhile Wall Street and the major players around the world are now putting a positive spin on a rapidly declining market.

This is the same game that has been played ad-nauseum since the beginning of time and we keep falling for it everytime.

Just in case you might be thinking if this scenario is the product of the Cantankerous one's fertile imagination, you might be interested to know that in the latter part of 2007 Goldman Sachs recommended to their clients that they "Short Gold for 2008." Meanwhile, back at the ranch, Goldman Sach's have reduced their own gold shorts on the TOCOM (The Tokyo Commodity Exchange) to the LOWEST LEVELS in over two years.

In other words, Goldman Sachs is recommending to their clients that they short gold while GS themselves are doing the complete opposite.

Seems to me that if the all-powerful Goldman Sachs is telling you to short gold, the negative spin on precious metals has started and the big boys are ready to come out and play once again.

Perhaps we all should consider getting into the gold and silver game right now for our own profit! The fleecing has gone on long enough ... hasn't it?

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