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Strategies & Market Trends : Ride the Tiger with CD
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To: Claude Cormier who wrote (7324)4/25/2004 9:18:04 PM
From: Proud Deplorable  Read Replies (1) of 313173
 
Your opinion on starting a silver cartel? I believe it can and should be done. Will you help?

I envision a vault with auditors who will keep track of each companies holdings. I envision investors shuning silver miners that do not participate in it. The program would require either withholding at least 10% of production and shipping to the vault or buying silver bullion with at least 10% of their cash reserves. If a miner needs cash for something they can withdraw (sell) enough to meet their needs.

We need to control the price of silver the way DeBeers controls the price of diamonds and most of all we, as investors, need to serve notice on the companies that wee invest in that they better support the longs and stop being tools of the shorts on COMEX.

Like I said before I'm fed up with brain dead silver company directors that don't believe in their own product and perpetually lose money because they don't have the BALLS to stand up to the COMEX shorts.

Rob McEwen of Goldcorp should be the example of the right way to do this.

I think newsletter writers who recommend stocks in these companies need to get other newsletter writers together to serve notice that there will be no recommendations unless the companies get on board and show what side they are on.

This may sound a bit strong but I think that any silver company that isn't for this is against silver and its investors.

Will you help organize something like this?
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