well, all,
get it now? the gold market has been manipulated, & though the level of manipulation is changing, it remains manipulated.
Every major mining firm sells gold almost every day of the business year. Some firms were, over the last week privy to information which allowed some to not sell at that price while others went ahead & sold. Some were allowed out of hedges under what most thought was a declining POG, while others with-out the information were allowed to hedge more or not get out of their hedged positions while; the getting was good.
What I can not understand is why more are not simply OUTRAGED at this manipulation. There are moves being made by "the powers that be" to profit some & cost others. The profits are available not based on efficency of mining or overhead control, not based on the worth of management, or any other factor available to most of the industry, most investors, or most analysts(if any real analysts still exist).
What this now means is NO business or industry is safe from MANIPULATION! Anyone, anywhere, in any field of endevor may or may not be allowed a profit based not on any factor concerning the worth of how well they do their job or even what their job is, only on whose ass is kissed and how well. When this really gets out, how disillusioned will the investing public become? How will any fund flows ever again move into the market?
Only under threat of law. We will now see Social Security funds hit the market though I can't imagine it will be much more corrupt, |
