Sometimes it takes a conversation to spur a thought. I wrote the following on the site we all frequent earlier today. If you do not frequent the site, I am sorry, because the first rule is......
To have a short position, someone either needs to own the security, or needs to be able to locate it; the latter is when we call it a 'naked short'. There is not enough gold bullion to locate to justify their short positions. This mean that their shorts are unqualified. So if the CFTC ever decided to be a properly run government organization (they won't be) then they would regulate the shorts, sanction JPM et al, and nix the shorts.
Yet, just like in life, reality always descends eventually. There will be a time when traders understand what is happening, and there will be a panic move to get physical. I don't think this will happen until gold is in the range of $3300-$5k. Once it does there is no top on gold. It could go to $10k, it could go to $40k, it may very well take the dollar under and its price be invaluable.
To put this in context, look at oil. Who bought the SPR release, and why? JPM did, so they could locate their shorts. The oil market is better regulated than gold, and so they needed to prove their shorts. Thus Obama did another favor for the Banking Houses and greenlighted the release; JPM bought the oil and stashed it offshore, and JPM bought their short positions.
Of course, there is a direct way to go after these measures, and that is by buying physical silver. Silver trades with oil 1:1 on the long term. Oil trades inversely 1:1 with the dollar on the long term. Take a position on silver, and you take the most promising short position against the dollar possible. Shorting the dollar is the final battle, because it is the dollar that holds the world from reclaiming its prosperity. The dollar backs the Banking Houses; it is their only weapon in the financial war that has destroyed the America our fore fathers built. The dollar, and the corporations that back it, is exactly why this great country was founded.
It funds the war machine, and it is the war machine that is Wall Streets prize possession. Without it, Wall Street has no power over the oil producing States. The dollar is soaked in the blood of young Americans who have been stricken by poverty and had little options available. The catch 22 of the dollar has pitted America against itself.
Victory will be had by real monie, because the dollar has no backing and is an amalgamation of creative thinking. Alchemy took hold of money after the philosopher's stone failed. The dollar has no intrinsic value; it has no general worth and is merely an IOU. The dollar is backed by lies.
Silver is real monie. This real monie has had the same short positions unjustly levied against it. Since silver is cheap, it is rather easy for us to target. It is the belly of the beast.
I will be visiting the coin store today, and I will be buying with both hands. I believe that our best hope to take the Banking Houses down is to take possession of silver. This because silver is a very industrial commodity and if we squeeze the physical market the price will rise. Then, when the price rises due to supply constraints, JPM's shorts will crush their balance sheet- this has already been happening over the course of the last year and a half, since we started our movement. So please, join me, take down the Banking Houses, take back your monie and wealth, and take back your freedom!