RE:LMBA futures settle today.I wonder what will happen when London closes?
Over the weekend many major biz pubs ran gold shortage articles and since this started getting attention CRIMEX has more gold and registered gold than for some years. Magic - with major refiery shut downs...all this virtual gold shows up?
Meanwhile - the cartel scrambles to cover (see below) And with the huge amount of APR gold contracts standing for delivery - more tree shaking will be attempted.
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They are running the price down today so they can cover at lower prices. Rick Rule and others think the Crimex will settle for cash instead of physical once they have first lowered the price.They just change the rules if they lose. What a joke anyone who buys their (long) paper promises of supllying gold that they don't even have should have looked around and ask themselves why are almost all gold dealers out of gold and the premiums so high ?
Better to play at online gambling at least the house cut is a known percentage.
Playing Poker in a rigged game . The wild west had solutions to this.