Matt Taibbi continues his investigative journalism at its best - will his longly voice in the mainstream media be heard one day finally? With the recent Crash in Paper Gold market this new information clearly points out that Gold Shorts under the JP Morgan's management are in a Big Trouble Now.
"Please make no mistake - we are all at war, this time it is The Currency War. Gold is The Ultimate Currency, which can not be produced at will - it can not be printed. In order to keep US Dollar at least in orderly decline market needs to be shaken from time to time. The magnitude of the shake up this time - Special Op Gold Wash Out - reminds us more like the use of a "nuclear option" - like the last resort for the FED to save the Cartel and Bullion Banks. Cartel was badly caught on the Short side of trade. More and more buyers in Gold are taking physical delivery - all paper gold short position was under very real threat of total annihilation in case if any Eventwould launch Gold from 1550 level Up last week.
Do not read here more than it is written, but timing of the Gold Crash was very handy. President Obama met on Thursday with CEOs of largest banks, on Friday Gold was under attack, Panic Selling has continued on Monday with Asian Markets Opened and then we had Boston. Who knew what and when, front-running all others as usual - we do not know - we are not on the FED's list of Early Warning Alert.
In the weeks to come two major things will define the destiny of the Gold Market - whether other Central Banks will continue the Attack to bail out FED and US Dollar as the only Safe Heaven and whether Buyers in the Real Physical Market of Gold will be stepping in using this opportunity.
Article below is from Adam Hamilton - one of the best technicians in the Gold market, his observations are confirming what we have seen these days."
From Matt Taibbi of Rolling Stone, back to his best, most floral of writing styles:
Everything Is Rigged: The Biggest Price-Fixing Scandal Ever
The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix
Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.
You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that's trillion, with a "t") worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it "dwarfs by orders of magnitude any financial scam in the history of markets."