from JSMineset, via Silver Doctors:
Jim Sinclair has sent an email alert to subscribers regarding the blatant gold and silver manipulation in the wake of Wednesday’s QE4 announcement. Sinclair states that the Fed via Goldman has been capping gold in the $1700′s for months via the ESF, but that the Fed’s capping of the gold market via paper will fail spectacularly as Eastern physical gold demand overwhelms the paper manipulators and drives the price of gold well north of $3,500/oz.
Gold will trade at $3500 and above on its own merits with Eastern demand in the cash market being the engine of price. The Fed via Goldman has capped gold in the paper market for months. They were so obvious between $1775 and $1800 that Petunia can call the strategy. Goldman is, in all practical senses, the Exchange Stabilization Fund because ESF is only a brokerage account. There is no fund in terms of what one thinks a fund’s office should look like. Read the law.
Read More @ Silver Doctors
Jim Sinclair has sent an email alert to subscribers regarding the blatant gold and silver manipulation in the wake of Wednesday’s QE4 announcement. Sinclair states that the Fed via Goldman has been capping gold in the $1700′s for months via the ESF, but that the Fed’s capping of the gold market via paper will fail spectacularly as Eastern physical gold demand overwhelms the paper manipulators and drives the price of gold well north of $3,500/oz.Gold will trade at $3500 and above on its own merits with Eastern demand in the cash market being the engine of price. The Fed via Goldman has capped gold in the paper market for months. They were so obvious between $1775 and $1800 that Petunia can call the strategy. Goldman is, in all practical senses, the Exchange Stabilization Fund because ESF is only a brokerage account. There is no fund in terms of what one thinks a fund’s office should look like. Read the law.
Read More @ Silver Doctors
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