LAKE SHORE GOLD CORP 6.25 PCT DEBS T.LSG.DB

RE:RE:RE:RE:POG manipulation ...

[mountainpose]

Good question. I believe they will not sell their gold. China has been building a huge position in gold as well. They have been supportive of Russia. My charts are showing that the U.S. dollar is in fact breaking it's top as I write this. Russia has currency sanctions against it and gold is the only way it may be able to pay any bills it absolutely must pay. Back to China. It holds the largest position of US dollar denominated T-Bills in the world next to Japan. As the U.S. dollar begins it's decline where can they possibly go? There is no other currency of sufficient size and quality anywhere in the world. Gold is without question a place to put as much of their reserves as possible. Also as the US dollar begins it's decline Americans will also tak a shine to the metal. They have the same problem. Where to go? Hedge funds can be wrong but they are not stupid. Paulson has held as mush gold as he can muster and it has been painful. Over the past month gold has actually been a good place to be. Russia and others will use Gold as a guarantee by issuing asset backed notes secured by gold rather than sell it. And, if I am wrong the decline in Gold should not be that dramatic and would signal the final leg down for gold. Remember that we are still in the window for tax loss selling. Geopolitically we are in the same situation as 1998. Here is a chart of gold since then. Good luck https://www.kitco.com/scripts/hist_charts/yearly_graphs.plx