No One Wants Paper-Called-Gold !

• No One Wants Paper-Called-Gold ! 
  by Jeff Nielson, http://www.bullionbullscanada.com/
  The Great Paper Liquidation continues. While the stampede out of the banksters’ fraudulent paper-called-gold products has eased from its frantic pace of a couple of months earlier, the bleeding continues.
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  The largest of these banker-scams, the SPDR Gold Trust (GLD) has seen its holdings plummet below 1,000 “tonnes”, the lowest level of holdings since 2009, representing a greater-than-25% collapse. Many of the (larger) holders have been redeeming/converting their paper for real bullion – as demonstrated by the even greater collapse in Comex gold inventories.
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  However simply redeeming bullion is a price-neutral event. With the near 25% collapse in the price of paper gold; obviously most of the action by the unit-holders of these fraud-funds has simply been selling.
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  This brings us to the interesting/incongruous news that the bullion banks themselves are currently “net long” paper-called-gold. Many readers (and even some commentators) have interpreted this as inferring that the banksters are positioning themselves long in anticipation of the next rally. My own interpretation of this propaganda is quite opposite.
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  First of all, there has been no reported change in the banksters’ net-short status in the silver market, where there has been no massive flight out of paper-called-silver. This tells us two things.
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  The gold and silver markets are now totally correlated, thanks to the ultra-manipulative trading algorithms of the banksters themselves. Where one metal goes, the other must follow. As a result it makes absolutely no sense strategically for the banksters to be net-long in gold and net-short in silver – the two bets cancel each other out.
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  This brings us to the other “truth” revealed by the fact that the bullion banks are still net-short in silver. With the propaganda machine having frightened any/all new buyers out of the gold market; there were no buyers for all of the units of paper-called-gold being dumped onto the market by panicked sellers…except the bullion banks themselves.
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  Why are the banksters “net long” in the gold market, while still decidedly short in the silver market? Because in the silver market they weren’t (effectively) forced to soak-up millions of units of their own paper-fraud products. As the Chumps bailed-out of GLD, meet the new Chumps: the bullion banks themselves.
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