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Who shorted Gold ?

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redneck
1000+ Penny Miser Member

1273 Posts

Posted - 03/24/2009 : 18:35:34

Monday, March 23, 2009
Who shorted gold after fed's announcement last week?
by Eric deCarbonnel

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Excerpts;

Open interest in COMEX gold increased by 1,209,600 ounces in the two days following the fed’s announcement last week. Can anyone explain to me who in their right mind would short gold following the fed’s plan to double its balance sheet?

Conclusion: Attempts to suppress gold prices are now obvious and desperate. The game will soon be coming to a close.

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Nickelless
Administrator

USA
5580 Posts

Posted - 03/24/2009 : 18:55:52

...which means that the suppression of silver is also about to end. Bring on the crash of the house of cards, baby.

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Delawhere Jack
1000+ Penny Miser Member

USA
1680 Posts

Posted - 03/24/2009 : 19:09:40

quote:
Originally posted by Nickelless

...which means that the suppression of silver is also about to end. Bring on the crash of the house of cards, baby.

Be careful what you wish for..... oh, and keep buying PM's....

"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson

fb101
Administrator

USA
2856 Posts

Posted - 03/24/2009 : 19:34:57