Relevant:
- Maguire - There Is Absolutely No Physical Gold For Sale on Smash-Down
- Comex On The Edge? Paper Gold "Dilution" Hits A Record 124 For Every Ounce Of Physical
- "The World Paper Council"
- James Turk - Delta-Hedging Could Cause Gold Price to Explode
- Barron - Bullion Banks Draining GLD To Cover Shorts; Supply Asian Demand
2012-12-21 — kingworldnews.com
"Keep in mind that $3.5 billion of paper gold was actually cleared in London yesterday. This selling was coordinated by the same bullion banks that are also active in the Comex. At the same time, they are rigging enough of a decline to cover shorts into capitulating longs on the Comex market.
...
Essentially what they (the Chinese) are trying to do is divest themselves of their dollars, euros, yen and any other fiat currency as fast as they can. They are not stupid, they are going to sit back and allow the governments to defend these (paper) currencies.
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