September 30th the Real Gold market was almost Busted! The real situation with how much demand for gold and availablity of gold was almost exposed!
The amount of shorts against gold is the highest ever. Those shorts got caught with their pants Down! This might have been a part of why gold has gone up too in the last few days. But if this had been exposed Gold would be who knows how high right now!
A gold buyer on September 30th put a huge order involving tons of gold in the London market.
*Side note* Buyers do that all the time, but they normally do not ask for delivery and eventually the buys expire.
This time, the buyer wanted Immediate delivery! That put the market in a spin and central banks had to come to the rescue to JP Morgan and those other government tool companies who had shorts on the market. They offered the buyer spot plus 25% - but the buyer did not want fiat money, the buyer wanted the gold.
Those shorts of a tremendous amount - did not have the gold being requested and Sold on the market!
So it goes, the fraud of the market - where the JP Morgans, Goldman Sachs, Morgan Stanley put huge amounts of gold shorts on the market (sell offers) and when a buyer finally said "OKAY, give me the gold you are offering for sale". They couldn't come through!
Imagine what would have happened had the demand and actual amount available had been made public... imagine, gold could have even doubled in one day!
link to article: http://news.goldseek.com/GoldSeek/1255111200.php
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