gold cartel planning all-out crush on gold & silver prices

gold cartel planning all-out crush on gold & silver prices

The story below says the gold cartel is planning an all-out crushing on gold and silver prices.

But that will allow China to buy it immediately at the same time the cartel tries to buy it back. So if they risk crushing prices, China buys and prices go up.

If they don't risk crushing prices, China will buy anyway over time and prices go up.

Either way cartel is stalling to be the last ones on the Titantic.

I'm going to go "out on a limb and say" that they won't crush prices and that those, who are saying $1600 for gold by the end of the summer, are correct. Nobody's saying anything about silver by the end of whatever, so I won't either.

From faceboook, why buy gold? (and silver!), 2011, Thursday, June 16 at 5:28pm:

http://www.facebook.com/home.php?sk=group_81419410661

"Kirsty Hogg Here it is: From Le Metropole Cafe (06/16/2011):

June 16 - Gold $1529.30 up $5.50 - Silver $35.55 up 14 cents

'Gold And Silver Advance In Volatile Trading / Bizarre HUI Action

Another bizarre and volatile trading day. Gold and silver were all over the place. Gold was checked at exactly 3 AM New York time by The Gold Cartel with one of the PLAN A maneuvers. Gold fell, but the suddenly surged to $1533, seemingly catching The Gold Cartel by surprise one more time. But, once again, not for long…

The attractionTeam Gold plunged to $1520, that key support level, and recovered to go up on the day again. To be fair, gold is just as volatile on the upside the past few sessions as it has been on the downside. Should my take on all this be correct, it means that pressure is building in the gold arena which is going to lead to an upside explosion. The reasons for gold doing so could not be more obvious. The only reason it has not done so the past few days is due to the cabal forces.

Silver was all over the place too, putting in a $35.09 low and a $35.89 high. It ended the day in fine shape. Quite frankly, 20 to 40 cents here and there is meaningless. Once the price closes above $38, silver is gonzo to the upside.

The gold open interest rose 5952 contracts to 503,732. Spec longs are entering the fray again. So is The Gold Cartel on the short side. The silver open interest fell 301 contracts to 118,545. The silver open interest is at incredibly low levels for such a high price. Silver fireworks to the upside can occur at any time and are likely to surface out of nowhere.

Meanwhile, the gold/silver shares continue to get trashed. Is this another clue that The Gold Cartel is getting ready for an all-out crushing of the precious metals? It would be one thing if the DOW was getting crushed, but it is decently higher. The HUI has been pushed into new low ground for the move around the close of Comex trading.

I spoke with Congressman Paul’s office today about coming hearing regarding an audit of US gold reserves. I presume that hearing will include Fed and Treasury officials. His office confirmed with GATA today that one of the questions will be specifically about whether US gold reserves are encumbered in any way … meaning via gold swaps or gold lending operations. That sort of question under oath is The Gold Cartel’s worst nightmare.

Behavioral Finance Report

*Little by little the US economic scenario deteriorates. This is just what the BF operators don’t want to have in public consciousness.

*They are desperate to get the DOW back above the psychologically important 12,000 level.

*The yield on the 10 yr T note dropped all the way to 2.93%.

Crude oil finished up 14 cents per barrel to $94.95.
The CRB fell 2.02 to 336.95.

The dollar rose .08 to 75.70. The euro lost .0056 to 1.4186. The pound sank .0054 to 1.6145. The yen rose .21 to 80.63.'"