9-22-09

How and Why the Rothschilds, Rockefellers and communi$t$ Keep the Prices of Gold and Silver Down

It is more than a little egotistical to say I understand how the bad guys keep the price of gold and silver down when precious metal geniuses have been pontificating and bemoaning this situation for years. In the article below this guru states, "So I was very interested when Ed Steer's Gold and Silver Daily reports says that the commodity futures market report shows that bullion banks' "silver net short position now stands at 213.6 million ounces...about a third of world silver mining production...all held by 'four or less' bullion banks." Ever since 1987 when I first started following silver I have heard the bad guys, Rothschilds and Rockefellers, sell gold and silver short as part of their manipulate the world finances scam. And it was not until the last week or so that I came to the conclusion as to how they get away with it.

The reason, I've concluded, the prices of gold and silver are able to be manipulated down by the bad guys' short selling metal, is that the Rothschilds/Rockefellers don't want and do everything in their power to prevent people and countries from taking physical possession of the metals others buy from them. When one thinks about it, it is beyond insane for anyone to allow the Rothschilds and Rockefellers store gold and silver or to hold in trust anything. It is the Rothschilds and Rockefellers who, logic dictates, is responsible for the Holocaust, infecting the planet with AIDS, Sept.11, Little George and Obama, and basically every serious evil which has taken place over the last 150 years. To let the Rothschilds and Rockefellers hold anything which belongs to someone else is insane, considering the dirty deeds they do and how often they steal.

One of the ways I deal with the Rothschilds and Rockefellers is to try and figure out their position, and not take it. In my reasoning if the Rothschilds and Rockefellers want to hold and keep physical possession of gold and silver, which they do, then the only logical course of action is not to let them. It is said that China is buying precious metals. However, if China is allowing the bad guys store the metals China is purchasing, in reality China only thinks its buying gold and silver when in fact it is not. The Rothschilds and Rockefellers keep the price of metals down by selling over and over the metal it stores. What makes the Rothschilds and Rockefeller's scam work is the fact that the vast majority of precious metal buyers do not take delivery. When, and only when buyers take physical possession of their precious metals and break the bank will precious metal prices seriously move upward.

Why do the Rothschilds and Rockefellers work so hard to store precious metals? If precious metal prices stay low people think their currencies are doing OK and all is well. People start questioning things when the prices of precious metal start to move up. As long as the Rothschilds and Rockefellers store the metals, they can say whatever they want regarding precious metal supplies.

The bottom line is this. People and countries must demand and take physical possession of the precious metals they purchase.

Silver and its Large Short Position

http://www.dailyreckoning.com.au/silver-and-its-large-short-position/2009/09/22/
By Mogambo Guru • September 22nd, 2009
Richard Daughty is general partner and COO for Smith Consultant Group, serving the financial and medical communities, and the editor of The Mogambo Guru economic newsletter - an avocational exercise to heap disrespect on those who desperately deserve it.

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Everybody knows that I can always be counted on to go ballistic about silver being such a Screaming Freaking Bargain (SFB) because of (according to the most recent Official Mogambo Count (OMC)) more than a dozen very good reasons, which is a lot of reasons, and that at $17- and-change per ounce, silver is loudly saying, "Buy me! Buy me!" although obviously not in the literal sense, nor (perhaps less obviously) in the "voices in my head" sense, which shows I am responding to therapy and why everybody is so pleased with me.

One of the reasons for my bullishness and bullheadedness about silver is the large short position, which is the number of ounces already sold (opening the short position) but which have not been bought yet (closing out the position), which means these shorts are going to get clobbered if they have to cover their short position by buying silver at a higher price than they sold it.

So I was very interested when Ed Steer's Gold and Silver Daily reports says that the commodity futures market report shows that bullion banks' "silver net short position now stands at 213.6 million ounces...about a third of world silver mining production...all held by 'four or less' bullion banks."

He characterizes this as "grotesque beyond description", which I guess it is, since it is hard to even imagine such a thing, which implies that these "four or less" banks are so stupid that they would be short silver when the fundamentals are so compelling that my throat is bloody and raw from screaming, "The fundamentals of silver are compelling!"

And this is even ignoring the headline "Gold & Silver Market Alert - Buy before the Breakout!" from Julian Phillips at Goldforescaster.com, which reflects my sentiments exactly.

In gold, the situation is similar, in that Mr. Steer says, "The bullion banks' net short position now stands at 211,342 contracts... 21.1 million ounces. This is well over 25% of world gold production. This is also grotesque beyond description".

Suddenly I see an opportunity to hide my rising excitement and get a quick laugh! So I said, "This means it is NOT 'beyond description' when it is perfectly described by silver, which is also 'grotesque beyond description' and which can be described as 'like gold'! Hahahaha!"

Well, I am laughing at my own joke and having a wonderful time when I looked around and noticed that nobody else appreciated my little joke about circular reasoning, which, upon reflection, I admit is pretty bad, and I am pretty embarrassed about it.

I don't know why I thought it was funny, except for maybe it's these new pills that are supposed to keep me from screaming my guts out in fear about the coming collapse of the dollar and the attendant horrific rise in consumer prices that destroys America and plunges us into a post-Apocalyptic nightmare. And, parenthetically, they work pretty well, too, except for the catatonia and the, you know, drooling.

Mr. Steer sees my embarrassment and starts talking about how many of the owners of futures contracts in gold and silver said, "We want our metals!"

People with inquiring minds want to know, "How much gold and silver was delivered so that we can maybe see if the Mogambo Who Thinks He's So Hot (MWTHSH) is actually turning out to be right about gold and silver going so much higher in price because the despicable Federal Reserve is creating so much money and credit that inflation in consumer prices is guaranteed, which would be indicated by a rising price for silver!"

Well, it turn out that "The final totals for August are as follows... gold 5,728 contracts [572,800 ounces] and silver 91 contracts [455,000 ounces]", which doesn't seem like a lot, but what in the hell do I know?

So, I report these things without knowing what they mean because I am pretty stupid and I am just in it for the money, so all I can ever see is the obvious, especially when it is pointed out to me, which he apparently does when he says it means, "August was a big month for gold deliveries...but not for silver. September is a big month for silver deliveries...but not for gold."

I still don't know what it means, but a big buying of gold and silver every other month is plenty enough to keep their prices rising and demand growing, which is Another Good Reason (AGR) to buy gold and silver beyond the obvious good reason that they always soar in value and price when the government is acting so irresponsibly, or when the Federal Reserve is acting so irresponsibly, but especially when both of them are acting irresponsibly, like now!

It's enough to make you squeal with delight, "Whee! This investing stuff is easy!"

Until next time,

The Mogambo Guru
for The Daily Reckoning Australia