The Goodman Letter
GoldSeek.com
Leveraged gold speculators panic whenever someone decides to sell large numbers of transient short positions into the market. That isn’t anything unusual. It is because they are gamblers who, like their soul-mates in Las Vegas, ignore common sense and think they can win against the House. But, the House always wins. It is no different with the world’s derivative players who play at derivatives casinos. The only difference is that while casinos in Las Vegas admit that the odds are rigged in their favor, derivatives casinos are more deceitful, and don’t.
The derivatives casino gamblers always set automatic points, where their positions will be automatically sold if the price dips low enough. This is supposed to show that they are “investing” rather than gambling. But, the stop positions are well known, because they cluster around technical “resistance” and “support” levels. The gamblers virtually all believe that they can foresee the future through non-living psychics, known as “charts”. Coordinated short selling, therefore, will ALWAYS be devastating. It will be targeted to trip those automatic stop-loss orders, to result in the dominoes falling, and a deep decline in paper prices.