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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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Message: Cap'n Hook

Cap'n Hook

posted on Jul 22, 2008 09:49AM

http://www.financialsense.com/fsu/ed...

It’s the desire for self-preservation that cause defections however, where for our purposes, we should also witness this with precious metals short sellers soon as well due to this same desire. Here, as increasing numbers begin to accept that the larger economy is in real trouble, and that even more inflation will be necessary to pay for grander bail outs, a panic will set in to cover precious metals short positions. This in turn will bring in a herd like and predatory hedge fund speculator community like a heat-seeking missile to the sector, where not only will the metals run higher, those shorting precious metals shares, especially the juniors, will be the ones who have their bells rung this time around. You can’t get away with shorting a market with positive fundamentals forever and not get burned at some point. This is the lesson mentally challenged hedge fund types that think the bureaucracy can keep the situation contained indefinitely are about to find out.

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