Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

The big move in gold the other day was orchestrated by bullion banks. Surely you don't think they went to all that trouble to watch gold drop back to $340 in the next week or so, do you?
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Hi schloss,
I think you are 100% wrong about the bullion banks "orchestrating" anything bullish w/r to the PoG or goldshares.

The bullion banks, JPM, GS, BAC, MS and C, just to name some biggies, are reputed to be h e a v i l y short both gold futures and options and supposedly are very vulnerable to any tremors that may occur in the Au based derivatives if the PoG should break sharplly above current levels.

Any orchestration perped by those white collar crooks would be designed to take prices lower....... not higher.