----- Original Message ----- From: Kyle Olbert To: smacko Sent: Wednesday, January 07, 2009 3:20 AM Subject: Re: Red Alert: The Backwardation of Gold
This article has the sirens sounding in the commodity markets. A lot of metals brokers are worried that the NYSE's commodities exchange, the COMEX, could default on ALL of its positions... a total market breakdown, a nuclear default... the really interesting thing is that just 3 banks - all TARP recipients - hold something like 80% of the short positions in the gold market, effectively keeping the price depressed and causing the backwardization. -kyle On Sat, Dec 27, 2008 at 5:36 PM, smacko <[email protected]> wrote: Red Alert: The Backwardation of Gold By Antal E. Fekete December 9, 2008 http://www.augustreview.com/index.php?option=com_content&task=view&id=108&Itemid=32 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/ShadowGovernment -~----------~----~----~----~------~----~------~--~---
