Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: dara who wrote (31123)	9/5/2011 7:00:09 PM
From: shakes	Read Replies (1) of 48092

A theme he has been touching on in just the last week is the idea that, at long last, the bullion banks are trying to cover their massive short positions in gold. Earlier last week he included (in his introductory remarks) an extensive quote from Ted Butler that was well reasoned, measured and clear that spoke exactly to that point. The Hoover Dam/water hose reference reflects their collective belief that the process of covering can't be done in an orderly matter, given the disparity between limited available bullion and the (still) massive short positions. My best guess of his meaning.... Shakes

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