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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (11700)	11/22/2009 4:57:25 PM
From: Wade	Read Replies (2) \| Respond to of 48092

I just saw this one: news.goldseek.com Another All-Time High Gold Close/GATA Bloomberg TV Interview By: Bill Murphy, Le Metropole Cafe, Inc., LemetropoleCafe.com What else is new? There is an option expiry Monday. The Gold Cartel’s drill over the years has been to take gold down into and on the option expiration day. The Gold Cartel does so to protect their massive short positions. In essence this is the US Government ripping off the general public, through their surrogates like JP Morgan Chase, in an attempt to thwart the free market system. The problem is the sheriff sworn to protect the law … in this case is the US Government and the CFTC. How do they get punished when they are the ones who are supposed to enforce the law? What was stunning today was how The Gold Cartel got stuffed yet again with one of their standard planned attacks. We are seeing this "stuff" pattern time and time again of late. *The Gold Cartel’s traders don’t realize, or don’t know how to handle, the "new buyers." In days of old they would suck in the spec longs, getting shorter and shorter as the price went higher and higher. Then they would pull the plug by dumping physical gold into the market and bombing the derivatives paper market. Eventually fund longs would sell as the technicals turned bearish. The market would cascade down with a number of funds eventually going short. The Gold Cartel would cover and up we would go again. This time the buyers are the biggest of money … countries, largest hedge funds, etc. They are competing against each other and want to buy more gold on any dips The Gold Cartel hands to them. It shows in the price action.