Le Metropole Members,
Anyone who has followed the MIDAS commentary from day one
knows that GOLDMAN SACHS is the designated Hit Man for the
white-collar thug Gold Cartel. The fun thing now is GATA's Adrian Douglas has put their nefarious price-capping
routine right out there for the world to see.
The price of gold is going well beyond $2,000 an ounce.
What we are going through now is a Mickey Mouse correction.
I had no idea of the following story in the Globe and Mail
when I sent out the prior MIDAS dispatch, mostly to follow up
on Adrian's second day attention of Goldman Sach's COVERING
their gold shorts on the TOCOM after stopping bullion in its tracks above $570.
These highly regarded Planet Wall Street Mafiosos are nothing
more than than that. They have been the ringleader in the
manipulation of the Gold Market for AT LEAST 7 years. They
have made a fortune while ripping off gold investors.
So NOW, while they are aggressively covering their Gold Cartel
short positions in Tokyo, they have the cajones to tell their
clients to dump their longs. These type of people do not
belong in America.
I dare these bums to sue me so we can get into Discovery over
all their gold trades, off shore clients included, over the
past 7 years.
MIDAS
http://www.theglobeandmail.com…/www.theglobeandmail.com/
Business
Sell gold: Goldman
ROMA LUCIW
February 14, 2006
Globe and Mail Update
Goldman Sachs Group Inc. is recommending that investors
get out of gold and lock in their gains just two months
after it suggested they buy.
On Dec. 5, the brokerage issued a list of its top trades
for 2006, one of them being the purchase of gold futures
for delivery in December 2006, priced then at $534.50
(U.S.).December gold futures settled Tuesday at $568.30
on the Comex division of New York Mercantile Exchange,
which would have given an investor who followed Goldman's
advice a return of 6.3 per cent over two months.
Goldman said it recommended locking in gains because
of fears that the price of bullion will slide.
"We have given back quite a bit of the profit since we
entered the trade in early December, but are worried
about the potential for the price to slide all the
way down and have decided to exit," Goldman said.
Gold for April delivery - the most active contract -
rose to $548.90 Tuesday. The yellow metal touched a 25-
year-high on Feb. 2, then suffered its biggest drop in
two years on Feb. 7. Monday's closing price of $542.10
for the current contract was the lowest since Jan. 5.
"Technically, yesterday's break of earlier February lows
suggest further potential trouble as does the inability to
hold the gains made after the bounce from that large
decline," Goldman said. "The move below $545 is potentially troublesome."
The Goldman team noted that the seven remaining
recommended trades for 2006 are all positive, led
by an 8.9 per cent return from selling the New Zealand
dollar short while buying the Brazilian real. Other
Goldman-suggested trades include buying the Swedish
krona verses the Norwegian krone, Japanese stocks over
European issues, and the euro against a basket of the U.S. dollar and the British pound.
"At some stage, it is quite possible that we will recommend fresh tactical trades," the brokerage said.