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Re: mick post# 3196

Tuesday, 01/08/2008 9:51:16 PM

Tuesday, January 08, 2008 9:51:16 PM

Post# of 3310
Great to see we're on the same page! Are you familiar with the long term growth of short interest in silver and from commercial banks? They have a direct incentive to lease gold now to bullion banks who immediate sell at market, those gold bars are melted down into jewelry. I've read that due to the derivative explosion that the short interest in gold is as high as 3X times the amount of gold dug out of the ground since the time of Jesus. Also, I've read the sames things about silver, by 3X as much shorts. Ultimately, these shorts will have to cover. Goldman came out late last year, 12-14 to be specific, with "Goldman Sachs reduces '08 base metals forecast, maintains $750 gold" These rat @ss firm is short to the hilt and their days of manipulating these markets might just blow up in their FACE! Check the COT report below weekly to see what those shorts are doing!

http://www.mineweb.com/mineweb/view/mineweb/en/page33?oid=42058&sn=Detail

COT - Commitment of Traders Report
http://news.goldseek.com/COT/1199478880.php

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