I hear many different voices in the gold community discuss the idea that the "Banksters" are manipulating the price of gold. There is an interesting difference of opinion regarding the end-game of this manipulation.
Some voices, Bill Murphy being one of them, claim that the Banksters are leveraged short the price of gold (and silver) and that eventually (e.g. when they've sold all their physical as part of the price suppression scheme) the price of gold will shoot to the moon with the Banksters in ruins.
Other voices, including Jim Sinclair, Catherine Austin Fitts, Stewart Thompson claim that the Banksters, while managing the price of gold, are firmly in control and aren't going to lose control anytime soon. Instead they manage the price to produce extra volatility to take the leveraged trader's money. Sinclair and Thompson claim that nobody is going to make more money from the gold bull market than the Banksters and Thompson in particular mocks the idea that the Banksters a net short gold and silver.
Thompson in particular is trying to buy when the Banksters buy (that would be now) and sell when the Banksters sold (that would be above $1800 this fall).
I've recently come around to the Sinclair, Fitts, Thompson view. We may see various financial institutions go bankrupt and governments lose power and/or default on debt, but I don't expect to see the mainstream powers-that-be behind the scenes (let's call them the banksters) fundamentally lose their grip or their wealth.
How about you? Do you think "THEY" are losing it soon?
MontyHigh, www.worldofwallstreet.us
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