Makes you want to throw up. AIG, in behalf of the Exchange Stabilization Fund, sold and sold and sold today. They took on all comers as the funds bought. The locals dumped late when gold was unable to close above $305, with AIG posting all the late low prints.

The talk on the floor today was mostly about AIG, which has emerged as the featured market capper recently, taking over from Goldman Sachs. Midas has mentioned AIG, an insurance conglomerate, as a silent cabal member for years. For some reason they have stepped to the forefront these days. It has been almost 10 years since bullion dealer AIG has been a significant player. In the early 90’s they did a good deal of trade business.

AIG was defending the technically critically important $305 level. They know if the bulls can take gold through that level for a couple of days, the cabal is toast.

There is a European Option Expiry this coming Friday and the $305 strike price is a biggy.

Somebody was loading the boat on the Comex option floor and bought a minimum of 2500 $320 August calls between $4.40 to $4.60. Word to me is that it was for a bullion bank in The Gold Cartel. Protection of some sort?

Comex open interest grew once again to 162, 580 contracts, up 1273 contracts. The specs get longer and longer, while the cabal gets shorter and shorter.

This is the way I see it:

The Gold Cartel has fouled up so badly they have unwittingly constructed a neutron gold derivative bomb above the market consisting of 15,000 tonnes of gold loans/swaps, naked call options and a bunch of exposed heavily hedged gold producers with forward sales programs that go out 5 to 11 years.

*Two closes above $305 and the Bomb Squad comes in to get the neutron gold derivative bomb ready for detonation.
*When gold goes $310 bid, the fuse is lit.
*At $325 bid, the bomb goes off, which will ultimately send gold to $800 to $1,000 per ounce, or more.

MIDAS
(Le Café Métropole)



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>Makes you want to throw up. AIG, in behalf of the Exchange Stabilization Fund, sold and sold and sold today. They took on all comers as the funds bought. The locals dumped late when gold was unable to close above $305, with AIG posting all the late low prints.
>The talk on the floor today was mostly about AIG, which has emerged as the featured market capper recently, taking over from Goldman Sachs. Midas has mentioned AIG, an insurance conglomerate, as a silent cabal member for years. For some reason they have stepped to the forefront these days. It has been almost 10 years since bullion dealer AIG has been a significant player. In the early 90’s they did a good deal of trade business.
>AIG was defending the technically critically important $305 level. They know if the bulls can take gold through that level for a couple of days, the cabal is toast.
>There is a European Option Expiry this coming Friday and the $305 strike price is a biggy.
>Somebody was loading the boat on the Comex option floor and bought a minimum of 2500 $320 August calls between $4.40 to $4.60. Word to me is that it was for a bullion bank in The Gold Cartel. Protection of some sort?
>Comex open interest grew once again to 162, 580 contracts, up 1273 contracts. The specs get longer and longer, while the cabal gets shorter and shorter.
>This is the way I see it:
>The Gold Cartel has fouled up so badly they have unwittingly constructed a neutron gold derivative bomb above the market consisting of 15,000 tonnes of gold loans/swaps, naked call options and a bunch of exposed heavily hedged gold producers with forward sales programs that go out 5 to 11 years.
>*Two closes above $305 and the Bomb Squad comes in to get the neutron gold derivative bomb ready for detonation.
>*When gold goes $310 bid, the fuse is lit.
>*At $325 bid, the bomb goes off, which will ultimately send gold to $800 to $1,000 per ounce, or more.
>MIDAS
>(Le Café Métropole)


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