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Politics : Stockman Scott's Political Debate Porch

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To: abuelita who wrote (2025)7/13/2002 11:07:00 AM
From: Jim Willie CB  Read Replies (1) of 89467
 
in futures contract land, "comms" are commercials

commercial precious metal miners
e.g. Barrick, Placer, AngloGold
commercial gold bullion bankers
e.g. JPMorgan, Citibank, GoldmanSucks

these are not the little guys who observe the Gold Cartel
who bet against them, who have limited resources
these are the same guys who comprise the Gold Cartel
who are attempting to unwind forward sales of gold
who have way oversold into that future by 2.5 years production
who are attempting desperately to maintain a controlled market
they require a steady-eddy market to buy back 130,000 shorted gold futures contracts

as "comms" have begun to the buyback process, they are making a floor of support for gold now, and will continue while providing a nice uptrend for quite a long time now

/ jim
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