The secret Wall Street bailout - Opinion - Al Jazeera English

The US doled out $12.3 trillion dollars to finance bailouts, a figure far higher than what was previously stated.

The secret Wall Street bailout - Opinion - Al Jazeera English

Gold Will Move $150 Higher Within 5 Weeks

KWN source at London “A bunch of the weak hands are now on the short side of this market.  We are very close to a floor because of the massive Asian buying.  People have to remember these Asian buyers are now controlling the gold and silver markets, it is not the little guy.”

It’s all about the bond auctions, the bond fell off a cliff.  In the derivatives market you’ve got JP Morgan playing the bond market at the behest of the Fed, going long 30 years versus selling short-term paper, in the trillions.  They buy trillions of dollars at a time of 30 year paper and then immediately hedge themselves by selling the 30, 60 and 90 day paper.  It’s how they keep interest rates down, it’s how you do it.  

The only reason interest rates are not in double digits in the US is because of this game.  These guys are short front month paper.  If this (the bond market) actually fell much longer, JP Morgan could be wiped out, I mean they would be liquidated.  The Fed cannot allow them to do that.  We’re witnessing history here.

Money flowing out of bonds is going into precious metals.  So what they are doing is trying to paint the tape and make it look like a double-top in gold, with silver also retreating.  Open interest went up into the decline, this is a gift (the decline).  Asian buyers are laughing, we’re like a cartoon to them.  They cannot believe how orchestrated this is.” 
Where do you see a floor on Silver?
"I think to go through $27 is virtually impossible, it would be suicide. I don't think it will even get there. They are getting very cheeky even taking it below $28. They are not going to push it below $27 because they would just lose too much physical. 
All that's happening here is the Fed is freaking out because the bond market is collapsing & they want to indicate that everything is fine, & certainly that precious metals is not your alternative. Meanwhile, the Asians will continue to buy the dip & keep adding to their position. For what it is worth, Jim Rickards is correct, the Asians are doing their buying through secret agents? 
What about Gold?
"As far as the Gold market is concerned, gold will be $150 higher from here within 5 weeks" 

Source: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/9_KWN_Source_-_Gold_Will_Move_$150_Higher_Within_5_Weeks.html