Gold price manipulation nearing end.

Says London Trader. The London Bouillon Market Association (LBMA) is beginning to admit that the unallocated gold it claims to have is not there that even some of the allocated gold is not there either. In fact, it has been admitted in 2010 that the LBMA treats the gold market as a 'fractional system,' meaning that only a fraction of the gold contracts traded are actually covered by physical metal:


http://inthesenewtimes.com/2010/04/06/lbma-bullion-market-ponzi-scheme-financial-manipulation-in-the-gold-and-silver-markets/



We have, in fact, seen that every time gold rallied recently, it has been beaten down by large sales of paper gold. The reference contains an early admission that the LBMA is in fact does not have the gold it claims to have.

Since, customers are beginning to demand the gold they bought with contracts, you might think that this would set off a short squeeze. London Trader thinks that the positions  (contracts) will be paid off in cash and then the gold price will start going through the roof.

Since, the PM market is no longer driven by supply/demand, I see no point to produce TM untill such time as the short positions are unwound.