New Rules Should Start Short Covering Rally In Gold and Silver

Yet again for another day, the Federal Reserve continued stealing from the people by manipulating the gold price down. They are trying to do this a little disgracefully after the down 70 bucks day raised some eyebrows and the fed is feeling the heat more with regulation and audit, so they are not trying to act as arrogant and obvious as they always have been. Today when gold as the alternative asset should have been flying through the roof, it was down 16 bucks. If anything the current news are great for gold. The reason is the biggest shorters of gold -other than the Federal Reserve, but shhh that's a secret- is banks such as JPM and Goldman that do this activity in mostly proprietary sense. Since the CFTC - headed by another Goldman crony- does not do its job about this to enforce position limits, they had huge and by huge I mean 100s of billions of short positions in gold and silver. With the new rules, their proprietary trading positions will have to be cut down and that means shorts need to be covered and there should be a short covering rally of giant magnitudes in gold and silver. Of course that is if this rule goes through which is very unlikely. Still, things are a-brewing. Eventually something has to give. At that point you'd better be holding the gold with your own hands and not just a few stupid pieces of paper.