Re: SLV-Jeff Nielson
in response to
by
posted on
Oct 24, 2011 04:17PM
We may not make much money, but we sure have a lot of fun!
I have an easy solution to this problem: Don't trade in that market.
As I pointed out elsewhere, this gold-silver manipulation story is nothing more than a distraction to take your attention off the real story, ie. the massive MBS fraud perpetrated against pension funds and other institutional investors which has been papered over with YOUR tax dollars to the tune of at least 2 TRILLION dollars. No one has been indicted, much less convicted for this fraud which has cost millions of people their jobs, their life savings and retirement security, and in many cases their homes. It's the reason we have ridiculously low interest rates that destroy capital formation, not to mention the income of seniors who are in no position to go back to work to make up the difference. It's also part of the reason municipalities are going broke, not just in the USA but all around the world, as this paper was sold to foreign investors as well as in the USA.
One other point. These gold/silver commentators are all talking their book. They either have a newsletter to sell, or public speaking engagements to promote. So take what they say with a big grain of salt. It's an industry, and YOU are their market. The minute the gold/silver manipulation ends, they are out of work. Of course the likelihood of that is just about zero. If you can't bring the Big Banks to account over a fraud 1000 times larger, then what chance is there of the gold/silver scheme ever being undone? Not gonna happen, in fact these guys probably have the best job security of anyone out there...LOL.
As for Jeff Christian, I realize now the guy is a fool. Not because he's wrong, but for engaging these people in the first place. This is a religion for most goldbugs, and you just don't argue the existence of God with a religious man - it's total NON starter.
ebear