OH MY, EVIL GOLD CARTEL ATTACKS WITH VENGEANCE

by Il_Bagattel, Friday, February 10, 2006, 12:12

After the market rebuffed their attack on Tuesday and rebounded within two sessions, not allowing the trapped shorts to escape their doom, they attacked again today... with ferocity. As usual, the attack came at 10:00 AM, on a Friday, just after the London PM fix was in. These arrogant a******s are so predictable you can set your watch by them. They now feel they can act with impunity.

They are apparently attempting to get the funds to cough up their long positions, thereby giving them the opportunity to buy some cheap metal and cover their losing short positions. This didn't happen for them on Tuesday. Will it work today?

Stay tuned Monday for the conclusion to today's thrilling episode, but whatever you do, don't give up your positions. The crooks are dead. They just don't know it yet. Tuesday's raid would have ordinarily taken two weeks to two months to get back on track. As it was, it bounced back within two days. This raid will be no different. The world is wise to the scam. Smart money drools for days like this. Another chance to load the boat on the cheap.

Greenspan's speech this week, his first paid speaking engagement since retirement, was a joke, but seemed a feeble attempt to buy time to distance himself from that which he has wrought. This week's twin raids are "Helicopter" Ben flexing his muscle at the printing press.

The armies are now engaged in mortal combat. Paper slugs it out with the metals. Who will win? I know where my bet is placed.