Monday, February 1, 2010

Boom boom bust bust… more to come

Commodities "next bubble to burst"

Here's the next one. And more fraud too

Posted by chrisch @ 08:41 AM (712 views)
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2 thoughts on “Boom boom bust bust… more to come

  • Gold is different. Goldman Sachs are net short on gold, and have the biggest short positions. Allegedly on the behalf of the US Govt. Because of course, gold competes with Federal Reserve Notes. So, whilst Sachs are investing in commodities they are shorting gold and silver. Barick Gold, for example, had to close its hedging “business” because it lost too many billions shorting gold:

    http://www.cbc.ca/money/story/2009/09/08/barrick-hedge.html

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  • I said some time ago. “Try shorting gold.” LOL

    Is G. Soros still looking for a good price to buy? : )

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