Last Report said Standard had 5,500 Stockholders. All Read THIS.!!!
This is what killed your investment in Quest, more than anything else.
IMO of course,
The gold futures and call options have soared in price, but many of the
junior gold companies are still priced near bankruptcy levels...
Subject: Midas - Like Deer Looking Into Headlights
Like deer looking into headlights...
...For years the gold market was manipulated by the New York bullion houses,
et all, to serve their own scheming purposes. Cheap capital was borrowed via
practically interest free 1% gold loans and invested elsewhere. As long as
the price of gold did not rise, or went down, this play was a bonanza for
the "in the know" players. Every time the price of gold tried to rally,
these dealers, who I have labeled, "Hannibal the Cannibals," would make sure,
via coordinated trading (done with a wink), that the price of gold never
breached certain price points to the upside. During this period, junior gold
companies, gold shareholders, gold miners, and all of us associated with the
gold industry in most any capacity were devastated.
One can go back just over the past year alone and see that the "Hannibals"
defended price points were the $306 area, then the $296 area, then $290,
and a final ill-conceived attempt to hold $262. When the $290 area was about
to be taken out to the upside and the "Hannibals" were running out of gold
supply in May of this year, the Bank of England was called on May 7th to add
supply and psychological devastation to a market that was battered for years,
but was finally showing signs of life. It would appear that maneuver was
orchestrated by "Hannibal Lecter" himself (Goldman Sachs) and the other
"Hannibals" with apparent help from the N.Y. Fed and, or, the U.S Treasury.
All during this period, the supply demand deficit was growing and growing.
Frank Veneroso, of Veneroso Associates believes it rose to 160 to 180 tonnes
per month this summer with gold trading in the $250's. At the same time the
"gold borrowings" by confident short speculators was growing too. After all,
if the Wall Street big boys, U.S. government and the bullion bankers momma,
Bank of England, were "dissing" gold, how could it ever go up? A sure winner.
The propaganda machine of these powerhouses relentlessly told the world
that gold was a "mort" issue. Anyone who invested in gold, or spouted
bullish commentary, was taunted. The "bullion boys," who had the money
and the connections to the press, chided us for our views and told gold
market reporters and financial journalists that we had no credibility.
To further anesthetize our camp and the investing world, the "The Hannibals"
instituted a $2 rule in which they made sure that the gold price never
closed more than $2 higher on any given single trading session.
I do recall one day when they slipped up and gold closed $2.70
higher. Someone must have been balled out as gold tanked the next day.
Such enforced control over the gold market created "gold dullsville," -
literally putting to sleep the interest in the mainstream world about
gold as an attractive investment vehicle.
That was the action. It was sustained, intense and universally expounded
by the mouthpieces of the N.Y juggernaut, bullion house machine. It is
either that, or the majority of the gold analysts in New York are just
not very bright.
Now, we see the reaction. Again, I share the opinion of Frank Veneroso
that the equilibrium price of gold today, free of manipulation, is a bit
north of $600. The gold market was unnaturally "forced" to go down to
$252. Thus, a "slingshot" mechanism has unwittingly been set in place by
the maligned forces that pushed the price of gold so far down, for so
long. The slingshot was stretched and stretched and stretched. Pushed to
the limit. It was yinged and yinged and yinged. Now it is yanging.
The power behind the yanging and the thrust of the slingshot is beyond
the comprehension of most and has surprised most all in the investment
world. It has not surprised Reginald H. Howe ( see Kiki Table), nor John
Hathaway (see Dos Passos Table), nor Midas, nor GATA...
Important to understand what kind of power is propelling the "bullish ball"
in the slingshot. It is of typhoon force. It can propel the price of gold
far higher than what the recognized gold establishment houses are telling
anyone and, therefore, what the mainstream press is reporting.
Midas
All the best,
Bill Murphy, Chairman
Gold Anti Trust Action (GATA) gata.org
Le Pa |
