Besra Gold Inc (BESAF)

[muleofkintire]

Dear CIGAs,

Monty nailed it when he said it is all in the US dollar. Today was certainly proof of that. People with huge profit in gold have been crowding the exits over the past few days forcing the usual suspects, the lemmings, to charge over the cliff.

Every gold share short is making use of the no up tick to pound on their favorite victims. This is once again an effort destined to fail as gold is headed to $1650 and likely far beyond.

The financial system is coming apart at the seams of OTC derivatives where there is no practical way to repair it.

An accounting regulation requiring truth is the last thing on earth that the pack of heathen liars of the Wall Street Temple Money Changers can handle. Tell the truth and the entire financial community is busted, period!

If you really valued $400 trillion "Type 3 Assets" plus of the OTC derivatives at what they are truly worth the world would end that day, so they will not. Even getting somewhat nearer to it is intolerable.

I would suggest that this is NOT the best time to buy the US dollar, sell your Cando, Euro and Swiss, sell your Gold or open a nice account at your favorite online one stop financial shop.

Maybe, just maybe, today is one more example of why you need gold. The entire investment world from shares to currency has been turned into a pure casino. Black boxes step over black boxes. Everything is manipulated or at least they try.

Even thieves are starting to show in the “no one ever heard of me” safe depository for gold and silver industry, and of course there are still the emails from Liberia that want TO SEND YOU MILLIONS, HAVE YOU BUY OR SELL MORE GOLD THAN EXISTS IN THE WORLD AND YOU TAKE A CUT.

Does it not seem reasonable to cut all risk from margin to having A NICE electronic broker hold your shares and money for you?

It is all in the US dollar. The second the dollar turns down from this little tiny rally gold will top $850, go past $887.50 and on to and through $1050.

Batten down the hatches and continue to work towards financial safety before anything else. All the halls of financial ivy are busted if the accounting rule taking effect November 15th is enforced.

Illegitimi non carborundum!
(Rough translation: Don’t let the bastards grind you down!)


http://www.jsmineset.com/ by permission of Jim Sinclaire.