Re: Fighting words from Jim Sinclair
in response to
by
posted on
Jul 02, 2012 11:03AM
The problem is the money is just too good. Basically, people are getting paid to steal and people are getting paid to keep their mouths shut. The only thing complicated is going after lawyers. It's like a Whitewater thing, prove it buddy!
More from Sinclair:
Jim Sinclair’s Commentary
The rig is up!
Rigged markets are against the law and those who have rigged gold and silver should be somewhat uncomfortable. It does not matter if regulators regulate, but rather what the law is. It does not matter if exchanges police their transactions because they are illegal. It does not matter if the specialist claims ignorance, there is "know or should have known."
The best is index balancing. What lovely cover to manipulation. How about tape painting practices for years in the junior gold shares? Who sold the good news releases constantly? What market maker effects those famous after hours trades against the trend? What fund manager buys in one fund to sell to another fund under the same or cooperating management to paint the tape in wash sales effecting price? How about those totally outrageous NASDAQ closes of other exchange listed shares to prevent technical breakouts? There is a paper trail that you cannot erase, and it will be found in discovery. The law is the law and non-regulation by any party means nothing if properly advocated and adjudicated. Think for a moment. Finding millions of mineable ounces is good news for a gold company. Overcoming your dirty tricks adversary publicly with significant redress is worth the same as 10,000,000 ounces or more in my opinion.