Naked short selling is against the law, and it's
despicable. But, I didn't see any gold bugs coming to
overstock.com's rescue? Or, to the defense of the
homebuilders? Or, speak up about the abuse in
the subprime lending stocks? Or, bitch & moan
about the one way trade in our own US Dollar?
The naked short factor is being GREATLY over-exaggerated
in the mining stocks.
And to the degree that it is being done...
I can GUARANTEE you that over 95% of the naked short sellers,
are the very same touts, and pundits who pumped these stocks to you,
all the way up.
This is the pump n' dump kettle, calling the pot industry black.
Sinclair's rants are just that... rants.
And trust me... "I" knows a rant when I hears one <vbg>.
Sinclair is like the nutty uncle you're glad you have.
He's fun to watch. You love listening to his stories. And
when he wanders too far into the conspiratorial abyss...
you just put him in the corner, wipe the dribble off his chin
every 20 minutes, ignore him, and let him continue talking
to himself.
Do yourself a favor and draw out a longterm chart for gold.
Then plot the following Sinclair rants against the gold price:
-- "Hold Tight"
-- "The Free Put"
-- "The one million dollar bet on POG"
-- and the "$50k reward" for naked short sellers
Do you think that "just maybe" all those "bogeyman" short sellers
(called making money in both directions) just might
be using Sinclair's puffery as - calls to action?
As to Naked Short Sellers...
As I said before: Beware the Enemy within.
Mo later,
SOTB |
