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Gold/Mining/Energy : Gold Price Monitor
GDXJ 105.34+5.2%Nov 26 4:00 PM EST
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To: ahhaha who wrote (33790)5/13/1999 2:12:00 PM
From: donald martin  Read Replies (3) of 116768
 
Good post.

I can't help but tweak the noses of the conspiracy subscribers...I was thinking, and posted, why don't people who take long positions insist on taking physical delivery? I mean, by not taking physical delivery, do they not undermine their own positions by allowing it to be lent to short sellers?

Fast forward (speculatively) to a period where gold is trading MUCH higher. And the shorts are margin called out of their positions with tremendous losses. Won't they be able to make the argument that the people who bought and then lent gold manipulated the markets by lending out so much of their gold? resulting in a massive short squeeze? that resulted in their receiving "grossly unfair and manipulated" profits as a result of that massive short squeeze? and if/when this short squeeze occurs, by it's sheer magnitude, it could ONLY have been caused by the collusion of gold lenders seeking to rip off short sellers?

This is why I don't like the precedent GATA sets. Now suddenly any market gain is subject to confiscation if enough people cry, "MANIPULATION!"

Just seems to me that there are too many people out there who are geniuses when the market moves with them, and victims of manipulation when it moves against them.
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