Jerry, OT - Some interesting developments being discussed by Bob Chapman (International Forecaster). My summary -
There's a new silver ETF being launched soon (possibly next month) by the Dubai Multi-Commodities Center, which competes with the US COMEX. There has been blatant manipulation going on at the Comex for years (Chapman calls it the 'Crimex'), especially in precious metals. He points out that the blatant supression of gold in the Comex 'paper' gold market has been Job #1 for the Fed/central bankers, since allowing gold to move up exposes their currencies to be the worthless fiat paper that they are. Currently silver is in very tight supply, with above ground silver stocks at all time lows and heading lower (current prices are lower than the cost of production). A paltry $10 bil could clean out the entire above ground stock of silver available worldwide. So the new Dubai silver ETF could send silver prices flying.
Another development - there are reportedly some key gold players on the Comex who are exiting in December, fed up with the manipulation/suppression of the paper gold market. Many contracts are not being rolled over, and the holders are demanding physical delivery. This could be a major calamity for the Comex in December, and cause a major spike up in gold.
Also, as Chapman explains, there's a lot more behind what is going on, involving the relationship between oil prices, precious metals, the perceived value of fiat currencies, and the global balance of power. Part of the collapse of oil has apparently been engineered to reduce the growing power of Russia, Iran, OPEC, Venezuela, and to some extent China, which are areas/countries where the US/European globalists have less control. As oil/commodities drop, these countries are hurting bigtime, and as a response they are threatening to pile into gold, thereby exposing the vulnerabilities of the dollar/Euro fiat currencies. So there's a big global power play going on right now. See Chapman's site for the details.
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