-- Posted Thursday, 12 November 2009 | | Source: GoldSeek.com
Road to Roota Letters
Before launching into my latest Road to Roota article I'd like to extend a special invitation to all gold and silver bugs. For the past few years I have run a very private newsletter for followers of my Road to Roota Series. There were very good reasons to keep this newsletter private but I have decided to officially offer it to the public in a newsletter called the "Road to Roota Letters".
This email based service focuses more on the conspiracy side of the gold and silver manipulation story without the constraints of generally accepted market views. The content analyzes the maneuvers of the banking cabal as well as the status of the return to the gold standard.
Although this is a subscription only service, I am offering a FREE TRAIL to anyone who wants to receive it until January 1, 2010.
If you wish to receive this newsletter for the trial period email me at: bixweir@gmail.com.
Bix
The Rising Coiled Spring
The coming volatile price action in gold and silver should not be a surprise to those of us who believe in gold and silver market manipulation. The COT short positions of the "commercials" are at extremes and the computer programs run by the banking cabal are still in 100% control of the prices… but times are changing! Of course, I can hear your screams...BUT WHEN? WHEN IS IT ALL GOING TO CHANGE? I really don't know but I think we are VERY,VERY close. The signs are appearing everywhere. For example, on Tuesday Bart Chilton of the CFTC said in "early December" they will implement position limits. Adding and enforcing reasonable position limits is like putting handcuffs on the Commercial Shorts that rig the COMEX! Here is the Reuters article:
WASHINGTON (Reuters) - The Commodity Futures Trading Commission is moving toward adopting a proposal in early December to rein in excessive speculation in energy markets by setting hard limits on positions investor entities can hold in a contract.
Bart Chilton, one of five CFTC commissioners, said until a draft is completed it will be difficult to determine where the commission stands as an entity, but there is a broad understanding "that there are issues that need to be addressed and that doing nothing is not an option."
"I think there will be" position limits, Chilton told Reuters in an interview.
"I don't want to prejudge where we'll be specifically but if I had to guess where we'll come out ultimately I believe that there will be hard position limits ... for energy commodities and for other physical commodities" such as metals, he said.
http://www.reuters.com/article/ousivMolt/idUSTRE5A95K220091110
For those of you who read Road to Roota II you might remember that Bart Chilton is one of the good guys fighting the market manipulators. Just after his CFTC Commissioner position was confirmed by Congress, he had a long heart to heart with Senator Diane Feinstein (D) (of the hidden gold at Chocolate Mountain fame). I believe they discussed issues related to the long term manipulation of gold and silver and the preparations being made to return to the gold standard in the US. Every statement and enforcement issue that Commissioner Chilton has been involved with since his appointment has been focused towards the goal of ending the long term manipulation of commodities on the COMEX... basically, he's doing the job of a CFTC Commissioner that should have been done for the past 30 years! He even met with Bill Murphy of GATA and was engaged and interested in claims of gold market manipulation!!!
Do not underestimate what could happen here with gold and silver. By now you should be hunkered down with your physical hoard of metal ready for hyper volatility…up or down. The higher the price rises, the more the "market experts" say it is overbought and unsustainable which drives “smart investors” away to wait for a pullback. There is still a huge FLOOD of money about to be thrown on the tiny gold and silver markets.
The reality is that the current price rise is being slowed and manipulated by the banking cabal. They are trying to keep the excitement down so as the prices rise the short position of the price manipulators grows. I like to think of it as a RISING COILED SPRING that will one day blast off from a higher and higher price point. Of course they can still orchestrate price slams using their computer trading programs (terrifying for the innocent gold investor who doesn't understand the game) but when the dust settles they always return to shorting into a rising price environment... tightening the spring as the prices rise.
I have been getting questions about the true “Fair Market Value” of gold where we stand today. This is a tricky question because it depends on what you are judging gold against. The most obvious metric would seem to be the US Dollar but what is the total population of US Dollars in the world? Should you believe the US Government when they post M0, M1 or M2 money supply numbers? There’s no need to even discuss why they removed the M3 figure! There is more and more “talk” of FACTORIES around the world that print US $100 bills by the truck load. Think about it… is it illegal in Iran or Russia to set up a factory to print billions of US Dollars? Ha! Who’s going to enforce US Law in Iran or Russia?! Shame on you for thinking paper is money!
The reality that very few understand is that nobody knows how many US Dollars (or derivatives thereof) are circulating out in the world today so defining the "Fair Market Value" of gold and silver using that metric is bound to be wrong. I stand by my prediction that Central Bankers around the world will one day PRINT FIAT MONEY FOR THE PURPOSE OF BUYING GOLD AND SILVER so the price of gold is only constrained by bankers ability to create money (or computer blips) out of thin air.
So what’s the answer to the question?
The “Fair Market Value” of Gold in terms of fiat currency is INFINITY!
May the Road you choose be the right Road.
Bix Weir
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bixweir@gmail.com
DISCLAIMER: The Road to Roota newsletter focuses on the conspiracy side of the gold and silver market without the constraints of generally accepted market views. Bix Weir and all those associated with this newsletter disclaim all and any guarantees, undertakings and warranties, expressed or implied, and shall not be liable for any loss or damage whatsoever (including human or computer error, negligent or otherwise, or incidental or consequential loss or damage) arising out of or in connection with any use or reliance on the information or advice offered. The user must accept sole responsibility associated with the use of the material offered, irrespective of the purpose for which such use or results are applied. The information offered is no substitute for financial advice.
-- Posted Thursday, 12 November 2009 | Digg This Article
| Source: GoldSeek.com
