The Naked Shorts Will Be Destroyed In The Gold Market

The Naked Shorts Will Be Destroyed In The Gold Market (King World News, July 17, 2012):

Today Stephen Leeb told King World News that the gold market now boils down to a “war between establishment and the non-establishment.”  Leeb, who is Chairman of Leeb Capital Management, also said, “When the banks finally get scared that they are short too much gold, you will see a major explosion in price.”

The acclaimed money manager also stated, “The banks continue to charge the customers for holding their gold as ‘allocated,’ even though the gold has gone out the door to aid in the gold price suppression scheme.  This is fraud, plain and simple, but this fraud is being encouraged by the establishment.”

I would just like to add that silver is going to explode higher as well, and everyone should be accumulating physical silver at these discounted prices.  Just buy it and put it away.  It’s been money for thousands of years, it’s like having a silver bank account.”

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