"such an exhortation would lower my opinion of the man". it seems to me that we are privilidged to have internet communications with a person of his stature - he was the hunts broker after all! "mr gold" they call him. anyway, if you subscribe to puplava's ideas systemic breakdowns of our financial system are not that hard to imagine
BUT this latest call for delivery is not due to systemic breakdown - its to bust the shorts in the gold shares. important read imho:
Do You Want to Fight Back Against The Outrageous Short Position In Gold Shares? Then read this Now or Get Ready to be Had!
By James Sinclair, CEO Tan Range tnxinvestor@zoolink.com
Why sit back and be taken advantage of? Why let the wise guys who have fought the up-move in gold from their derivative trading desks also damage your gold share position without doing something to help yourself? This gold community should stop taking the hits and stop walking away unhappy. The short positions that exist in almost every gold share, in sizes of shares sold short, are beyond reason. In some companies, the short is so big that I firmly believe the entire float has been shorted. I have explained this phenomenon to you. It has robbed you of a proper valuation of your shares in light of the strong, and soon to be stronger, gold price. Gold is going over $400 - do you want to see your gold shares languish? Well, if you do nothing and let yourself be taken advantage of, then you do not deserve anything better.
My suggestion to you is get moving and nail the culprits that are picking your pockets.
There is something that you can do that is as effective as RAID on a BUG, but you have to do it now:
Take Physical Delivery of Your Share Certificates Immediately!
This is not because I fear any financial problems with your brokers, but rather it is because taking delivery of your shares will stop the short selling and increase the risk significantly to the present outrageous short positions that have accumulated in your gold shares. It is the lending of your shares that has allowed the legal shorts to exist. Therefore, you have allowed these wise guys to sell the shares short to the degree that they have hung themselves, if you will only act. I would even suggest that those on margin sell something else to pay off your margin debt and take delivery.
I have read the agreement with e-brokers and it appears to me that even those investors who have margin accounts, but do not use them and have fully paid shares, may well have permitted the loan of those shares to the short sellers. There are simply too many shares of every gold stock on earth sold short for all the stock to have been properly borrowed.
Taking physical delivery of your shares should not stop you from trading 1/3 position if that is your wish - even if you have the certificates in possession when you wish to sell. It is not my habit to recommend brokers and I am not starting here. However, if you need simple answers, then you might speak to the most knowledgeable brokers in the business who have been around since the Buttonwood tree was planted (the founding of the New York Stock Exchange), Marty McNeill, Mike Martin, or Barry Fost (1-800-426-3987). These seasoned old timers used to work for me. They ran my equity department of the Sinclair Group in the 70's & 80's. They can give you the straight answers on taking delivery and trading when you hold your own certificates. These old timers are the rarest of the rare. They are knowledgeable people who understand what service means. Please understand that I have no financial relationship with their business even though they carry my name from the old days. They are the Sinclair Group, a division of Lafferty & Company.
Just Say "NO Easy Money" to The Outrageous Short Sellers of Every Gold Share On the Planet and Watch Them Run
One thing you must know by now and is that I know gold and gold shares as well or better than anyone else. Don't stand there like a Timex watch and take your licking; while you keep on ticking. Protect yourselves and call the hand of these outrageously egotistic short sellers that have sold the largest amount of shares in history as a percentage of the total capitalization of any industry (which also turns out to be the smallest capitalized industry group in Wall Street). These wise guys are so convinced you are an incapable group, that they are betting you can't or do not know how to defend your positions. Well, for your own sake, show them now that they are wrong. Show them what this Gold Community is made of and watch them run for a change just they way they are planning on you running defenseless into their greedy short selling hands.
Take delivery aggressively, which is your legal right, and do not take no for an answer from your broker. In my opinion, these gold shares will double in value right here and now without gold moving up, if you act to assure your legal right to your certificate. Guess what? Gold is going well over $400 and it is going to happen NOW.
I ask you, what are you going to do? Just take your licking and keep on ticking or are you going to show these wise guys that they better not play around with us anymore? It up to you! Are you men and women at cause or wimps at effect that let wise guys kick the living hell out of you for fun and their, not your profit. Stop moaning and start acting or are the short seller right!
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