TMan, the gold deriv event comes later during short squeeze
the US Fed has leased 40% of its gold
bullion bankers have brokered deals to miners, and others
some were sold by same bankers, e.g. JPMorganChase
havent you heard about the 130,000 naked short commercial gold futures contracts?
it is the 12,000 lb elephant in the Comex living room
this eyewitness account verifies the sales
all leases resulted in sales
now the Fed is showing the same sold leased gold as still sitting in its vaults, because technically the Fed still owns that gold
like your landlord leasing a house to you
only you sold the windows, the back porch, the furniture, the garage, and most of the dirt
the landlord now owns a hole, with a plot plan
when gold continues its ascent, the short squeeze occurs
and the Fed will call in the gold, which is managed now as a margin account
I didnt say the Fed shipped 40% of US gold reserves to Germany
rather 40% of US gold is gone, sold
and now we continue to ship gold around
with much of it going to Germany
so they can continue in the scam
all for the purpose of propping up the dollar and euro versus gold
/ jim |
