US Dollar Death Dance
Watch the gold lease rates, and silver lease rates, which have each more than tripled in the last two months. Lease rates precede price movement.
Bullion bankers, including central banks, are reluctant to lease their physical supply. This time is no different, an event to come after the COMEX criminality is swept aside, or simply overwhelmed in return. One well-informed source, with over two decades of gold market experience, actually expects arrests to take place among COMEX officials before long.
I’m hearing from Max Kaiser, an analyst in France, that there will be a raid on the comex in DEC. That means a demand for delivery of product. When the product can’t be delivered, Gold will double over night and the dollar will crash. The beginning is shown with oil now at 60 dollars a barrel and metals being shorted at an all time high; more paper than can be delivered on, if called in. Russia is seething about it’s economy in ruin and my be a big player here. The dollar is the world currency-will it be in 2009?
Ron Paul on Alex Jones yesterday says the November 15 summit is the beginning of how to announce the new world monetary system, and close out the dollar.