Will Gold Explode Higher in Next Few Days? Patrick A. Heller http://www.numismaster.com/
In the past week, the largest volume of gold trading has shifted from the New York Comex to the London Metals Exchange (LME). Where the Comex strictly trades paper contracts for gold, the LME trades physical metals. In other words, someone who sells a gold contract in London is promising to deliver physical gold. The U.S. government, and its trading partners who are trying to manipulate the price of gold downward by selling paper gold contracts, cannot work the same strategy on the LME.
Last Tuesday, CNBC interviewed Jurg Kiener, CEO of Swiss Asia Capital. In understated language, Kiener explained that there is significant risk of a collapse in the gold paper contract market. He further predicted that if this event were to occur, the price of gold would at least double in price in the extremely short term.
These factors point to a huge possibility that the price of gold could skyrocket within days. As insurance against further calamities in the fiat currency markets, I recommend that individuals establish a position in gold (and silver) promptly.
Comment: I'm not without pain myself. Let's hang in there ! ! !
ORP Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
