Re: THE GOLD REPORT-ZJD
in response to
by
posted on
Dec 08, 2011 02:23PM
Concerning the massive weakness issue in the juniors this year: Who doesn't like gold? Who lets the investment banks and hedge funds get away with murdering the public's investments in the sector? During Jesse Livermore's days there were the buckets shops, stock betting parlors. In the US, the SEC has allowed the bucket shop betting apparatus to participate in trading the real shares on the Exchanges and OTC markets with only a promise to deliver but delivery does not come until the position is closed out. And who is the SEC's boss? Oh yea, the same group that doesn't like gold.
The public has helplessly been taken for billions of dollars over the years because it suits two purposes: the powers to be are content in beating back the public's interest in gold and the gold related stocks(all precious metal companies) and the investment banks steal the public's investment money via naked short selling as payment in kind for always supplying an avenue for the distribution of government debt.
Who is watching the fox, if the fox is running the whole show? Too many folks are just chicken when it comes to calling a spade a spade and in many cases, for good reasons. Bob Chapman of the International Forecaster will always tell you the way it is. Check out his latest commentaries on youtube.