Andes Gold Corp (AGCZ)

[bobhwang]

why agcz does not move: because of nss. watch what happens now.

Snippit from Bill Holter's latest- http://blog.milesfranklin.com/a-global-margin-call :

"Take for example in euro terms, gold has now blown higher and through 1,000 euros with a vengeance, European demand will be further bolstered in a physical safe haven manner. This is true almost everywhere and in every currency. Will foreigners flock to actual dollars for safety? Or will they chase an already under-supplied gold market? The dollar rally has been purely “synthetic” and has occurred because of carry trades being forced into closure. The underlying assets have dropped forcing liquidations and dollars “bought” to close the trades. It has become a self fulfilling circle. Why has gold not declined along with other “commodities” you ask? Because gold is not a commodity, it is money, real money and nothing else is. Hasn’t gold been purchased with leverage and “carried” as the commodities were? Yes, this trade was cleaned out over the last 2-3 years with the sale (help) of naked COMEX futures.

What I think we are seeing early yet clear glimpses of are the short positions being unwound. Remember, we showed you a few months back evidence of a “long Nikkei-short gold” trade. This looks to be unwinding along with several other “schemes”. When all is said and done, the unwind will take everything “defaultable” with it."