Good chance that the banksters will raid the precious metals tomorrow and/or Monday. They typically do this at the end of the month. Also, from this month's Hat Trick Letter:
My excellent gold banker source provided reliable word that Union Bank of Switzerland was targeted, and the damage has essentially killed their firm (rest in peace). The UBS officials have made some important enemies among the powerful, the double cross betrayals too numerous. The official story was an obvious total fabrication that placed blame on a rogue trader, a story the Jackass never believed from the start. The real story is that UBS took some big bait and lost over $5 billion, AND ALL THEIR GOLD BULLION, as in almost totally cleaned out. They are left a crippled hollow entity. The trades all came from VP level staffs, the top officials fully aware, all approved, not low level guy at all who cannot defend himself. My source cites key players involved out of Hong Kong, as in angry billionaire clients. Apparently, the HK clients had some important brokers working with them from London, who took advantage with peeks into the UBS positions. The timing of the loss coincides exactly with the powerful 1000 basis point drop in the Swiss Franc, which occurred soon after the Swiss central bank announced they could not support the intervention that would push the Franc currency down. It went down big soon afterwards. The bait is not entirely clear to me, but UBS did not expect a giant swoon in the Franc versus the Euro. The UBS cross rate position of Franc-Euro was hedged with Gold bullion posted, all of which was forfeited. The UBS folks too the bait and bit hard, trapped into massive losses.
The source said, "Word has it that the next target is Goldman Sachs" which would surely be sweet for those who crave for justice. He went on to describe how GSax has made a great many powerful enemies the world over, from heavy handed market activity out of Wall Street offices, from abuse of its USGovt position in the USDept Treasury, even in collusion to conceal government debt levels in Southern Europe. He also said "JPMorgan has been extremely damaged in the last couple months, and stands on fewer legs" in line for possible mortal wounds. Look for some big events to unfold soon as the targets are roaming in the open fields arrogantly. He described crosshairs aimed at GSax, with the backdrop being painted, so that when the beast enters the gunsights, the trigger will be pulled, the net dropped, and the damage assured. It just required time and continued arrogance. He would not say what vehicle ridden by GSax would be subjected to the targeting devices.
The enemies of the Gold Cartel are making their presence known. They have allies in almost every important financial node, in every continent. A wrinkle to the story is that unfortunately, the price of Gold & Silver might be taken down intentionally and temporarily in order to inflict deep damage to the dark side Boyz. Enemies to Wall Street and London and Switzerland, the gold hegemony axis, might indeed push down the Gold price in order to kill a cartel member, like they did with UBS. That means the investors had better avoid leverage in order to ride out ambushes and storms. To repeat, my source told that Gold was taken down because UBS and others indirectly went long in Gold within a hedge tactic that backfired. It seems the Enemies to the Powerz have decided to embark on a short-term or mid-term mission that must be done in order to render harm to the Wall Street firms and make them more toothless. A last point, other sources confirm that Wall Street firm executives are buying very heavily physical Gold & Silver in the last month. One must suspect that they are moving toward a climax where their firms die, while enriching themselves via personal accounts. Plenty of intrigue and subterfuge to go around, but as the biggest players do battle, the smallest players had better avoid leverage and defend from storms.
From the vantage point in the bunker, outside of the battles waged by the players, hardly with a wide perfect view, limited to quick glimpses into the trenches, the slaughter of the bad guys is not visible. But an important source assures that almost on a weekly basis, one key bank or trading desk at a major bank is being ruined, with extreme damage done. Their insolvency is being attacked and pressured, which results in focused losses and an exit to the gold arena entirely. To be clear, Bank of America is weakened. Morgan Stanley has some mysterious disease. My catch phrase is that Europe has 20 Lehmans lurking. See Dexia in Belgium, Societe Generale, Credit Agricole, BNP Paribas in France, then Intercredit and Intesa in Italy, even Commerzbank, DeutscheBank in Germany. Also, the United States has at least two fresh new Lehmans lurking. See Bank of America and Morgan Stanley. The stories will not be properly told, since they are written by the Syndicate tools in the financial press. An honest account would offer deep encouragement, solid hope, and even recruit new soldiers among the unwashed masses. The UBS story is typical of the egregious distortions. Imagine the impact of a correct rendition that the investment bank angered its clients by not delivering gold from allocated Swiss accounts, was targeted in the FOREX market, and forfeited a raft of gold bullion from hedges gone wrong. Instead, the financial press spouted garbage stories about the challenge of monitor the rogue traders, the mind of a trader suffering addiction, and the history of other singular losses without supervision. Do not expect honest reporting on the huge losses suffered by big bank in direct acts of vengeance and sting operations like UBS.
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