Bush connection to the developing POG scandal. [View All]

Bushies of all kinds are intimately connected with the unfolding gold suppression/market manipulation scandal. Enron is merely the toe sticking out from under the bed.

And you said why should I care if Bush manipulates the price of gold for his buddies profit?

Quote
Hedge Our Gold Production - Not Us!

Friday, November 21, 2003, 10:36:00 AM EST

Author: Jim Sinclair’

New accounting regulations affecting the international minerals industry require that a hedging gold producer must identify each hedge position according to the property it is entered into for.

As a result of that, profits or losses from the hedge position must be factored into the performance of that individual property such as Barrick’s (ABX) Bulyanhulu Mine in Tanzania which is non-recourse to other assets and is based on a large gold hedge position.

It has long been my suspicion that the poor performance of many of Barrick Gold's projects had little to do with the project itself but more to do with a rising market for gold and the impact on the profitability of the hedge position debited to the project's income statement.

Well, yesterday I published a chart of ABX that had turned bullish and now we know the reason. The company just announced it would cease hedging its gold production. Look for Barrick to rejoin the gold stocks where large funds are concerned for liquidity reasons and therefore appreciate accordingly.

Too bad for the elitist Andy's Army and other members of the Gold Cartel as they lose their best clients to common sense. That common sense decision is that in a bull market for gold, being short 17,000,000 ounces is not the optimum position.

Keep in mind the high powered board of directors at ABX including past President, George Bush Senior. The decision to stop hedging had to be Mr. Munk's most difficult day. ABX and Mr. Monk are the Godfathers of hedging. It is to their credit that the industry entered into this practice.

-END-

Note the last paragraph.

Also now note that the only thing proping up junior is his friends money. That money will soon go away when the dollar finishes tanking over the next couple of weeks...and the discovery phase of the Blanchard trial goes forward....revealing the extent of the manipulation of the markets by the administration for the benefit of their friends. Goes all the way to the top.

A reward of $50,000 in gold coins is being offered for the first whistleblower to come forward with the details.

Why should I care you say? Well, the Bushies and their buddies on high are uniquely vulnerable to the price of gold going up. If only one of every 10 DUers went out and bought one ounce of gold (*yes steep at 400, but cheap as it is artifically suppressed and will skyrocket over the next year as the dollar dies) it would put such pressure on the physical market so as to cause a reaction within COMEX (the trading of paper gold market which has been used to suppress the price).

If one out of 5 went out and protected some of their hard work with real gold coins, then Bushies buddies would start sweating.

At about one out of 3 they will start to freak.

You see what you do not realize is that the amount of gold and silver is very small relative to the huge amount of paper money that is about to get even bigger and be worth even less. Check your 401k lately?

And you see that if you go to www.gata.org and look at all the connections to Bush, if every Democrat in the country bought just a tenth ounce of gold, Bush would resign in the ensuing chaos of the bankruptcy of his friends...the one-percentile who are the richest in america and are 82 percent repub.

And get this. This sheeeit is coming anyway. The dollar is sinking before your eyes this year and will take a huge dive soon. The only way to protect any wealth one has is to not have it in dollars. Lots of people prefer to hold gold and silver and then to hell with the repub currency manipulators and their attempts to take your work from you by stealing through devaluation of the currency....

sorry to rant, but if one lives in a world dominated by money, then it behooves one to learn about the stuff and how it works. I figure a good duke-it-out about such subjects does all some good.


Except for bushie. And educate public is a damn dangerous thing.