Dear Friends,

The following challenge from CIGA Luis Ahlborn Sequeira has to be accepted by all PM CEOs. It has been accepted by me.

You should copy and paste the following letter to the CEO of every PM you are invested in.

This is not different the LIBOR scandal driven by the total disregard for law and ethics.

This is our fight and we must stand strong.

Dear Jim,

Gold and Silver CEOs are absolutely responsible for their shareholders to stand up against the manipulation games played by the various hedge funds and others against their company’s share prices.

Thank you for all the correct points you express on this subject.

Rob McEwen, CEO of MUX, also calls attention to some very important points on this video as well.

Unfortunately, the larger problem is that there are not many CEOs with the financial capacities and connections you gentlemen both have to fight this battle.

Sure, there will be a few precious metal company CEOs that will find a way to forge their companies into production against all odds. There will also be a few sharp CEOs that can think out of the box in their efforts to beat the manipulators.

An example is a precious metal organizations that prides themselves on being socially responsible to their host nation. They are in a prime position to take advantage of the multi-trillion dollar social responsibility funds that yearn to learn for such investments. The manipulators never ever pick anyone their own size. As everyone knows, it is against their rules.

But in reality Jim, many precious metal companies will not be able to survive these manipulation games we witness each day. They do not have the power anymore and unfortunately they are very near financial destruction, a manipulator’s home run by the way.

In my opinion, all PM CEOs should come together as one, and possibly retain the best legal counsel available to represent them against such manipulations.

As you know and have pointed out on JSMinset, ETFs are largely responsible for the damage inflicted upon many of the mining companies. They are the ones who lend shares to the hedge funds in volume at a moment’s notice.

With the ETFs having a market cap higher than the top 5 mining companies, loaning shares to these hedge funds whenever they need them provides them with the means and opportunity for their manipulation to go unchecked. Hedge funds either individually (or in groups then get together and), kick around anything they desire.

Tell me how can a company with a market cap of $150m to $500m fight against several hedge funds of $1B or more? This is not a fair playing field and every investor and potential investor knows it.

Today, you can only fight them if you are a Sinclair, a McEwen or a very talented and exceptional PM CEO. Perhaps it is time to change that for all Precious Metal investors.

Ladies and gentlemen, think about the funds that are only long and have savings from clients who are being destroyed because of this manipulations games…

Regards,
CIGA Luis Ahlborn Sequeira