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Nolerman

10/12/13 10:07 AM

#31772 RE: the cork #31769

It is common knowledge that the fed uses 2 main financial TUTS to initiate their trades on an international scale to manipulate and leverage the dollar. One is Goldman. If a dollar crisis is made public, they general go on a definitive offensive making outrageous blanket statements like "Gold is a slam dunk sell" in order to flood the int'l market with sell orders and new short positions to suppress prices of the paper market, and ultimately accumulate on the physical side. This helps on two fronts, artificially propping up the Dollar (long dollar, short Gold) with overseas trading and naked paper trades with often no physical to back the trade, rather a financial spreadsheet showing good faith to fund the trades, and secondly it generates time. Time to maintain a reserve currency which is under pressure and ultimately accumulate physical in order to truncate sovereign leverage on weakness during trepidation in the government and development of new tactical (artificial) maneuverings to facilitate a legitimate standard reserve status on a global stage. The may not have their hands directly in the cookie jar, but their footprints are all over the globe. These events are not anomalies, and it is no coincidence that only when our gov is fighting for their right to issue debt endlessly while still maintaining reserve status (have cake and eat it too), that all of a sudden to the longest standing inverse correlation between Gold and the Dollar reverses it's course. Maybe I'm wrong and this is just the nexus of the universe when dogs and cats play together because the star align, but I highly doubt that.
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Sunnybank

10/12/13 10:43 AM

#31773 RE: the cork #31769

Well, if it IS true, then it was on the paper side, with no physical backing it up - no? Oops!