Big banks have been manipulating everything that trades for decades. I don't think that is new. So DB admits to manipulating silver, only thing that is new is they admitted it.
Look, all I hear everywhere is the absolute promise of gold going well above $1300 and mining companies are the greatest companies ever. Alright then fine, gold hasn't done squat for well over a month now, mining companies through the roof during that time being pumped up by promises. Fine, cool, pumpers should now deliver. Lets go! I hear the talk, lets walk the walk.
Mining companies are priced as if gold was already well over $1300 and they are priced as if they are making great earnings. The gold bug pumping squad had better deliver. Gold had better stop goofing around and get its butt over $1300 and mining companies had better deliver some darn good earnings when they report soon. Promises had better become reality.
As far as DB goes what you had better really hope is that DB and the rest of the banking sector isn't in shambles like you gold bugs think it is. You do realize that your precious mining companies are loaded with debt. You do realize that your mining companies can not survive without banks. Banks go toast, then mining companies go toast. "O well mining companies have metals in reserves". Ya but they have huge debts. When you owe a debt your assets (reserves) don't really belong to you.
Gold bugs think there will be a big financial meltdown and so they load up in mining companies. Mining companies are heavily dependent on banks though. It would be as if I say the foundation of my house is cracking and so I need a good place to find safety as I can't stay in my house and so I'm going to go and hang out on my roof. Gold bugs had better stick to just having actual gold/silver and leave mining companies alone if they think a financial meltdown is looming. Otherwise they are just betting against themselves.
I'm not in DUST right now. I did make a good profit this week. I want to see how good you guys can pump up the miners before I re-enter DUST again. Enough talking and enough yapping. Time to see gold over $1300 and mining companies had better deliver with strong earnings. These promises don't happen and your mining companies will correct hard.
Knowledge + risk taking = prosperity
