Wednesday

ETF Gold Was Raided

The ETF was raided in H1/13, and I think the World Gold Council should wonder why. I believe it is because there was no gold. The plan was to slam the gold price down, get everyone to liquidate their SPDR Gold Shares ETF (NYSEARCA:GLD) shares, then buy the shares, redeem them for gold and deliver the gold out to the counterparties that are demanding it. The whole thing was a setup because of the shortage of gold.

- Source, Eric Sprott via: