Monday 27 June 2011

GOLD

Interesting how so many people think Soros' recent surging interest in GOLD ETF's is in some way indicative of his concern for his own wealth preservation and worry that other investments are simply too risky.

It is nothing of the sort, its a setup. It is the very same reason why GLD was created in the first place; to serve as a pressure release valve whenever the interest in real gold became too much. Its a mechanism for dumping massive amounts of paper gold into the market in an attempt to supress the gold price.

Soros is simply helping his fiat currency masters. He knows how his recent comments that gold is in a bubble would be interpreted all the while adding to his massive investment in GLD.

This gold runup will end and do not be surprised if Soros fund surprisingly is timed to be selling at that precise moment the peak is formed.

The man's timing has always been impeccable, too impeccable if you ask me. Don't try following the insiders too long, there's a trap laid out for you if you play the paper gold game too long.

I still see gold falling below 1000 and DOW getting crushed far below 10K when it is all said and done, no matter how spectacular this run has been.

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