Sunday, November 9, 2008
LATEST BOB CHAPMAN ARTICLE 11/8/08
Expect The Recession To Increase In Severity
Posted: November 8 2008
http://theinternationalforecaster.com/International_Forecaster_Weekly/Expect_The_Recession_To_Increase_In_Severity
The dichotomy between paper and metals, US owes 3 trillion to foreigners, the wiemarization is coming, more banks go belly-up, gold manipulation poses problems for economic stability, consider the recent rallies to be as good as it will get
EXCERPT:
"We have reported extensively on the dichotomy between the physical and paper markets in precious metals. The pricing between these two types of markets is now completely out of sync, with the casinos, which some dare to call commodity markets, utilizing bogus manipulated prices based on paper sales of precious metals in volumes that do not physically exist, while the physical markets have become a de facto black market where the true value of gold and silver is recognized based on market fundamentals. This market split has resulted from an intentional bottleneck created by preventing wholesale gold and silver from being converted into retail gold and silver. This has been accomplished by withholding wholesale gold and silver in COMEX inventories under thinly veiled threats against anyone attempting to take physical delivery, while channeling existing wholesale supplies at the smelter and dealership levels to the large bullion banks that are using these wholesale supplies to suppress precious metal prices and to bolster their short positions."
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