Real Close to Gold Mania
The following by Eric King is a good insight as to what is going on in the gold market. Right now, there is not enough supply to meet demand. Eventually the Fed and their bankster buddies will no longer be able to hold the lid on the price by shorting it. When that happens, the rubber band will snap back with instant and ferocious velocity. I personally look for gold to go to $10,000/ounce AT A MINIMUM when this happens. (I choose that figure because I don't want to sound too radical by saying what I really think, which is that it will go to $100,000/ounce.) This could happen tomorrow or still be some years off yet, but either way, if you don't own gold, you haven't been paying attention!

"The Asians, particularly the Chinese, want physical gold and they want it tomorrow. So the Chinese have a new method. They are now planning to buy tremendous amounts of the ETF GLD. They will then tender the GLD shares for immediate delivery of the gold. This bypasses all of the rules of places such as the Comex limiting delivery. There is no limit as to how much you can buy from the ETF GLD.

Mainstream media and some pundits have been pointing to drawdowns in GLD and saying there is liquidation of tonnage and that it is bearish for gold. They are ignorant and don’t understand what is happening is large buyers are tendering shares for delivery, and this is extremely bullish for the gold market.

This gets around the delays, delivery problems and any form of limitation.

The Asian entities are essentially looking for ways to get hold of physical gold because they are having trouble procuring gold in large quantities.

Those short of gold have been trying for some time to cap the price of gold. As far as the price of gold, it has not yet taken off to the upside, but it is just a matter of time before the paper market is overwhelmed by these physical purchases. Keep in mind these paper games are allowing the Asians to buy at lower levels so they are not complaining. We have made our lows in both gold and silver and all dips should be bought going forward.”

When asked about silver the source responded, “There is no metal. Asia as you know has opened the market to the retail public and there are massive fresh new orders to buy both silver and gold coming out of Asia.

There is going to be pressure on the only source available to meet Comex demand. By the way, these sovereign sources through their buyers can also purchase shares in SLV and stand for delivery, and it is possible you may see that in the future. We will have to wait and see.”

The bottom line as King World News has been reporting is that the massive buying out of Asia will continue in the gold market. The Asians also have a huge appetite for silver which is an extremely tight market. It will be interesting to see how the paper markets trade in the next few months with the tremendous physical demand in both metals."

Eric King
KingWorldNews.com