Comment from JS

Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Empty pockets

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Comment from JS

posted on Sep 06, 2010 11:46AM

Posted: Sep 05 2010 By: Jim Sinclair Post Edited: September 5, 2010 at 3:06 pm

Filed under: Jim's Mailbox

Eric,

It looks like what I had anticipated many years ago is occurring NOW!

The gold industry itself, the least knowledgeable of the gold price mechanism, has woken up to the fact that for every million ounces a junior has there is more than $1 billion in value less cost of production. The guys who dig gold out of the ground are nitwits when it comes to the price of their product. Did they not lose billions betting against themselves on short of gold OTC derivatives?