could the suppression of precious metals finally be over? although yours truly is a avid fan of bob chapman's theinternationalforcaster.com i have heard this scenario before. granted the short interest in gold is the lowest it has been in while however this doesn't mean a guaranteed run up in the price of gold. lets not forget we are dealing with a fiat system, a funny money system with temporary unlimited printing capabilities. We are very close to a total financial collapse where the suppression in gold and silver will end. until we hit this point the shorts will come in again. remember a low short interest means more buying power to manufacture another false ceiling or resistance level. -st0ckman
-just a snip of larger article:
Since the end of October, when open interest for the December gold contract started a new series of decreases as the rollovers got off to any early start, the December open interest has fallen from 190,140 to this past Friday's 122,902, yet total open interest has fallen from 305,451 to 285,219 during that same period.
Thus, of the 67,238 December contracts that have been terminated in the rollover thus far, total open interest has plummeted by 20,232 contracts, meaning that many of the contracts are not being rolled over, and are being cashed out instead. If this 30% ratio persists, we could see gold open interest fall to under 250,000, a multi-year low, an astonishing drop of 58% from the peak of 593,953 contracts set on January 15, 2008.
This is an absolute disgrace for the CRIMEX owners and regulators, and we wish them well in the ensuing bankruptcies and criminal investigations that will occur after the exchange collapses. No one wants to play in a game where the owners and sponsors are in cahoots with certain privileged players to make sure they come out on top. In addition, we note that no commodities market can survive without speculators who provide balance to the markets by taking the other side of contracts and by keeping the pendulum of market momentum alternating between bulls and bears. Otherwise the markets lean to far to one side or the other, and then bubble and/or collapse due to the lopsided positions. Once the precious metals markets of the exchange collapse, all the other markets will soon follow, as everyone realizes that the whole system is rigged against them. The CRIMEX will soon be ostracized from participation by honest market players. The criminal manipulators will soon find themselves traipsing in and out of court in endless investigations, and they will be forced to sit in their bedrooms, lonesome, because their is no one left who wants to play with them.
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Thursday, November 20, 2008
Gold & Silver manipulation coming to and end?
Posted by st0ckman at 2:20 PM
Labels: $t0ckman's Analysis
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