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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (10503)	8/17/2008 11:40:11 PM
From: paul ross	Respond to of 71403

"There have been wild rumours only that someone has been trying to corner the silver market, but who would be crazy enough to ever try that again after the Hunt Brothers proved it was a formula for disaster?" Hunt would have done OK if only he had stuck to accumulating physical silver. He got involved with the exchanges, leveraged out, and they eventually increased margins and basically forced him out. Today, someone with an extra $10-15B cash hanging around, acting discretely, might give them a run for their money Interesting account of the Hunt episode in William Greider's Secrets of the Temple. Hunt had borrowed from several banks to fund his silver project and they, the banks, were in trouble. Volker had to step in and clean up the mess....for years after that the price of silver was kept artificially high so Hunt could dispose adequately (at decent prices) of the banks collateral (this is my theory only).