Wednesday, August 24, 2011

Bob Chapman explains the Gold Correction

Bob Chapman - National Intel Report - August 24, 2011

Bob Chapman : on Thursday the Gold Silver options expire and the banks that write these options especially on the long side and most of them are on the long side like 7 or 8 to one they were all on the money because the price of Gold had gone considerably higher , so those banks try knock the price down and I think the government also was involved in this big time , I think on Thursday I will be a large buyer of Gold and Silver coins bars shares and the reason why is this bull market is enormously powerful and it is being led by players that have a lot of money , they do not care about margins , if they raise margins from 7500 dollars where they are now to let's 21600 dollars like they did with silver it would not make any difference


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