321gold.com
"Gold Wealth. How's Your Accounting?"
Stewart Thomson
email: s2p3t4@sympatico.ca
June 29, 2010
1. On my website, I have the key headlines piped in from some of the most important information sources. I urge all subscribers to study those headlines daily. Jim Rogers is there this morning saying “I’m short a large Western financial institution that everybody thinks is terrific”. You know my statement made years ago that all the banks are bankrupt, but the mark to model accounting is hiding that fact, as the banksters work with the Gman to hand the trillions of failed OTC derivatives bets to the taxpayers to baghold. The risk of bank and stk mkt closures isn’t gone. It’s growing. I think the odds are high that not just one closure, but waves of closures are coming. The banks/mkts close, then re-open. Then the banksters price more trillions of OTCDs at mkt, and the system is closed down again, and again, and again. Each time the Gman prints up a new round of toilet paper money, following the instructions of the banksters. Elmer Fudd’s buying power is being vacuumed up by the gold punisher, operated by the bankster vampires. Those who bashed gold have no idea what they have unleashed. Don’t wish for something too hard, or you just might get it. Elmer Fudd wanted a literal mountain of paper money. And that is exactly what the banksters are going to give him. Too bad his mountain soon won’t buy anything except another Gman’s mountain of equally worthless toilet paper.
8. The gold community fell asleep at the gold wheel last week. I went crazy on Saturday, as you know, screaming, “wake up, the banksters are coming!” By Monday, the GC woke up. Trader Dan Norcini stated categorically yesterday that he believes the banksters are working to paint a double top on the gold chart, placing orders that exceed the current bid and ask by tenfold. The banksters don’t want the gold price lower. They want it higher. The reason they tank the price is to take your gold. They set up gold to fall. They don’t make it fall. The funds and retail investors make it fall. Price falls via liquidation, not buying. When price falls, the banksters are not selling. They are buying. You are selling to them when you bail on weakness. Stop doing that or you will be standing at gold $2000 with nothing. I’ve told you all many many times that the banksters operate at a level way beyond any chartist. They make the charts you read and do it deliberately! They are only 5 billion steps ahead of you, and your only weapon is to buy the weakness when they create it, not to stand around guessing when they might create it. Or worse, turning yourself into a puppet they dangle around saying, “Look everybody! It’s a double top! Sell everything if it breaks!” It breaks. You sell. They buy. End of story. End of YOUR story.
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