Per Bob Chapman's International Forecaster 01/29/11
As you may be aware the CFTC grandfathered JPMorgan and Goldman Sachs in on their naked shorts. This is certainly proof positive that your government is totally controlled by the criminal syndicate in banking and on Wall Street. We predicted this outcome, which brings us closer to the realization that world government is their goal along with our enslavement.
Thursday was an almost complete reversal of Wednesday. Spot silver only fell $0.09 to $27.04, as March only fell $0.25. It was gold that was pounded by the “Plunge Protection Team,” also known as “the President’s Working Group on Financial Markets.” Spot gold fell $14.60 to $1,318.40, as February fell $22.20. Gold was up $7.00 two hours before the Comex opening. Silver got as high at $27.75. The intensity of the attack on gold and silver by the government has been the most focused and powerful in history. Again, gold open interest fell 14,825 contracts to 491,222, as silver OI fell 1,008 contracts to 124,221. There was lots of short covering. The XAU fell 5.24 and the HUI fell 13.58. This concentrated attack is not the US alone. This has to be a number of central banks coordinating together. This attack on gold, silver and commodities and a rising stock market could spell the beginning of the end for the elitists. This finally proves the markets are totally rigged. Someone has to tell us how the market can gain, the dollar falls and gold, silver and commodities fall? The only explanation can be manipulation, especially with jobless claims rocketing 51,000 last week, the largest increase since September 2005.
