Think Gold’s Reached It’s Top? – Think Again!

Many so-called financial experts have been spouting off of late, declaring that Gold has reached it’s top.  Given the admission of former Assistance Treasury Secretary Paul Craig Roberts that the government leases its Gold for sale to hold the price down, we might be tempted to believe these pronouncements.  But think again.

Goldman Sachs, the ultimate stalwart of Gold short-selling for years (on the TOCOM to limit visibility) has now eliminated all of it’s Gold short positions.  Given their long propensity for selling Gold short, I can’t help taking note of this historical shift in position; which has been developing for some time.

With the dollar on life-support, and our government running the printing presses at break-neck speed, I suspect that Goldman has seen the writing on the wall and decided to go with the Gold trend before it rolls over them (a trend which they’ve been trying to squelch for years).

If you feel the same way I do about the economy, you won’t listen to the anti-Gold establishment for a second.  I’ve been betting against them for five years, quite successfully, despite governments best efforts to thwart me.  Those governments are their own worst enemies.  Remember a short time back when the UK sold a large chunk of their Gold reserve for a fraction of today’s market value?  A foolishly-concocted manipulative act, perhaps?  Bet they wish they had it back!

Despite the best secret government efforts to hold Gold down, the self-destructive actions of those same governments toward their own currencies have made Gold a very attractive alternative.

These are strange times, and one has to exercise due diligence in accepting the statements of authority figures or Wall Street pundits.  They don’t have your best interests at heart.  They never have.