<<If these interests are screwing with our national treasuries>>
I think they're being ENCOURAGED by our national treasuries. It all adds up to stronger paper....for a while, anyway.
<<No one can controll the free market indefinitely. The longer the manipulation continues, the larger will be the self-correcting mechanism when it occurs.>>
I still chafe at the term "manipulation", but, if you must, have at it. If the central banks have decided they don't need gold any more to support their currencies, that's a decision they're entitled to make. If certain other institutions feel they can profit from central bank gold liquidation by being short, that's a risk they're entitled to take. Now we get down to the brass tacks though. What happens and who pays when this folly ultimately unwinds? I say it shouldn't be the taxpayers, but ultimately that's probably who it's going to be.
In a way, I count myself lucky. I have some nasty paper losses, but I never used margin nor capital that I need to live on, so I can hold my longs forever. I don't like it that some "investors" seem to think that a market that doesn't go in the direction THEY think it should go must therefore be manipulated. My entry into mining equities was extremely mistimed, but I knew when I got in that there was risk involved.
How many people who're buying S&P 500 Index funds have an appreciation for the risks they're taking? Imagine the bitching we're going to hear about the stock markets being rigged/manipulated when we see DOW 5000. |
