Metanor Resources MEAOD

Big boys must be up to something

[tsoprano1]

Rash of downgrades today on a lot of gold stocks. All by HSBC, one of the criminal cabal that is being investigated by Swiss authorities over manipulation. Must be planning one more dump. Although they may be putting out downgrades to scare in stock for themselves if they think COMEX is going to actually trade gold fairly. 

T

[hardasset]

"...if they think COMEX is going to actually trade gold fairly." T, seriously? First of all the COMEX does not trade in gold, not the physical gold MTO produces. They trade in paper derivatives, contracts to buy or sell at some time in the future. If even a small fraction of longs decide to actually demand delivery of physical gold, the COMEX would be out of gold and out of business

[tsoprano1]

Well said, H A. I wish someone had the balls to demand delivery and put the whole thing to the test. Last I saw was 229 demands per 1 ounce. And, they had less than 160,000 ounces in vault. Not a good situation for them to be in. T

[hardasset]

T, there is a large Asian country with a huge pile of gold and a large portfolio of USD T-bills who can pull that off. Crippling your enemy financially is one way to try to win a war. Breaking the COMEX, or at least exposing it as a Ponzi scheme, is one way to approach this.