Yes Virginia, there really is a sky that can fall.
Now to remember the story we all heard as young children.
That of Humpty Dumpty the animated egg that fell to the ground.
Humpty Dumpty sat upon a wall.
Humpty Dumpty had a great fall.
All the King's horses and all the King's men,
could not put Humpty Dumpty back together again.
Replace the above King with the President of the USA,
the horses with the Congress, Senate and other governing structures,
and the men with everyone involved inside and outside the government
that has had a hand in the past and current gold market manipulation.
Now, with the sky hanging by a thin worn frail thread, replace the egg
that fell with the sky representing the creation of paper money with
the backing only of the trees and glue and coloring used in it's creation.
Now, all the ... will not be able...
Later, all the ... were not able...
THE INTERNATIONAL FORECASTER
MARCH, 2000 (1)
An international financial, economic, political and social commentary.
Published and Edited by: Bob Chapman Vol.4 - No. 1
Phone & Fax: 941 639 4756
E-mail: brockton_magt@hotmail.com
... it is now only a matter of time.
A short time until Larry Summers either tells the truth
or is dragged into joint Senate-House investigative hearings.
... no question he is involved but they'll say they were following orders.
The Fed will say we were just helping the Treasury spend their slush fund.
We've written of these manipulations for 14 years
but few were interested in listening.
That is until the internet changed all our lives.
By the Treasury's silence they are admitting guilt.
They can't allow gold to go to a natural free market level.
If they do investors will realize the sky high stock market is a scam.
The dollar would weaken and interest rates would move higher.
The covert operation is to keep gold dormant so it can't be an indicator.
In the process they have done what bankers have done for centuries,
lend out more gold than they have in reserve.
Just today we call it virtual gold.
Gold is still in short supply,
but dollars are being created every day,
lately increasing by some 20%.
In the final analysis when gold does break out,
it will be massively explosive.
There is amply evidence of collusive selling of gold by England,
the Netherlands, Brazil and other nations
just since last September aggregating about 400 tons.
There may have been undisclosed sales which could have come
from China, Brunei or Saudi Arabia.
High oil prices would make that somewhat unlikely.
The only candidate left is the US Treasury
in the form of writing calls against gold that may or may not exist.
Goldman has been the lead seller and that was Rubin's ex-employer,
so that makes his operation even more feasible.
Although the Treasury and Fed have answered some of the questions
asked by Congressmen and Senators,
all the questions, the most pertinent, were not answered.
Congressional persistence tells us they are under a lot of heat
from constituents to get to the bottom of the matter.
There is wide suspicion given the realities of the gold price
that there has been and is large scale undisclosed official sales
deliberately depressing the price.
The Treasury, Fed and their accomplices, the bullion banks,
have been colluding to depress prices,
and now that GATA has successfully forced the issue they will be exposed.
The unfolding of manipulation would immediately send gold to $500 to $600
an ounce. That is the plus side. The minus side is a major political scandal
and a stock market collapse. This is a certifiable bubble breaker.
As these events proceed, who would want to be short gold
especially with physical demand rising particularly in Asia
and the Middle East regions known for their fondness for the metal.
The existing short position plus net derivative shorts presents
a positive price picture for the future.
Sooner or later those shorts have to be covered
by delivering physical gold bars to the lender banks.
In order to attract selling, prices would quickly appreciate.
There is now no way out for the shorts.
Once one major one makes the breakout
they'll all rush out together in a frenzy.
Political considerations will not allow central banks or Treasuries
to sell to stem the rally,
because they will already have been found in collusion
and ordered by Congress to cease and desist.
We can with assurance, after 14 years in the wilderness.....
THE INTERNATIONAL FORECASTER
MARCH, 2000 (1)
An international financial, economic, political and social commentary.
Published and Edited by: Bob Chapman Vol.4 - No. 1
Phone & Fax: 941 639 4756
E-mail: brockton_magt@hotmail.com |
