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DeepBlue1

09/01/08 8:43 AM

#23564 RE: RedneckInvestor #23562

While reading that article it occurred to me that it sounds exactly like a direct response to all the recent articles claiming the opposite...namely that manipulation IS THE CAUSE of the recent drop in precious metals.

It sounds like the same old crap from the big institutional manipulators about how naked shorting doesn't exist, that the banks are just "market makers" and have no stake in which way the market runs, bla bla bla, AD NAUSEUM.

And notice that it's the COMEX that's being manipulated...not the physical commodity. This was also addressed in the articles that this one is designed to contest. I'd like to know more about the actual source/author of this article. I have a strong feeling if one could find out that a connection could be drawn directly to the perpetrators themselves.

On the other hand, manipulating the COMEX prices can and likely will have the desired effect of crushing the commodity prices, and it even admits in this article that...just the notion that gold and silver are being so heavily shorted all of a sudden by the mega-players sends a wave of fear through the market in such a way as to cause a self-fullfilling prophecy.

This in itself is manipulation IMO. Just to hear that the 3 biggest players in a particular market have multplied their short position will drive a huge number, maybe a majority of players out....result: Price Drop/panic selling/muchos buckos for the shorts.

Same shit different day. Nothing's changed.

The only truly unknown factor is imo...where will the manipulators turn around and go long on the commodities that they've just cashed in on the short side? Or will they go long at all? How greedy will they/can they be?(we already know that their greed is basically infinite and they'll short it for all it's worth and then some)

Keep your eye on the USD.






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