Is Something Happening?
Sep 3rd, 2010 by Randy Toman
Something is happening in the Silver commodity market. JP Morgan is shutting down their proprietary trading operation in London, is this for show are is it real? JP Morgan is one of the concentrated short positions in the silver market and they are instrumental in attempting to hold silver prices down, so says Ted Butler in his articles written for Jim Cook and his “Investment Rarity’s” newsletter.
In the world of high finance we have always had the insiders with their attempt to manipulate the market. “Wall Street” and their wheeling and dealing, and the Federal Reserve System, both should be investigated with the FED bring shut down. From 1913, the FED inception, until most resent the FED relies on the ignorance and stupidity of Congress and the people. The era of the great brain-washing is coming to an end. The American people are starting to know the truth with the FED, and the truth will set them free. (keep an eye on Congress Ron Paul)
According to some reports a number of major banks have switched to Renminbi (Yuan) payments in trade with China. Thus China is bringing more and more nations into the fold of the Chinese money. I have mentioned in past articles China is allowing their people to buy gold, the government of China is also buying gold in large amounts. With that said it does not take much guess work or speculation on any ones part to say that if China backs their currency with gold it could become the most wanted and trusted currency on the planet.
With the FED past rounds of Quantitative Easing (QE), the buying of debt with newly printed money, and it is very likely it will happen in the next round, we have the dollar getting weaker as the Yuan backed with Chinese gold poised to gain a strong position and become the currency of trust.
Now back to my “Something is happening…” the opening statement and my favorite newsletter “Mikes Franklin” September 1, 2010 David Schectman editor. According to Mr. Schectman folks are becoming bullish on gold and he mentions a few and I quote.
“Heavyweights such as Kaplan (Tigris Fund), Soros, Faber, and Paulson are all serious bulls and are buying lots of gold for themselves.”
If you add to the bullish Gold & Silver commodity market and what is happening in the political arena we have serious trouble manifesting itself, all one needs to watch is the price of gold and silver, it will tell you how weak our dollar and government is,and the above people know it.
We Shall See —- Don’t you think?