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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (15953)	3/2/2009 3:53:20 PM
From: SliderOnTheBlack	6 Recommendations Read Replies (2) \| Respond to of 50386

re: Gold manipulation & what can we do about it? I think we take the info and copy and paste it in an email, a fax and in a letter. Then we send it to our reps in Congress and follow up with a phone call, and demand they do something about it. I know it seems like we're not making much progress and that the politicians and bankers are stealing everything that isn't nailed down (and they are), but the pressure we put on Geithner, is what stopped Daschle. And the pressure on the first bailout forced Paulson to call a secret meeting behind closed doors, and have to threaten and extort Congress with Martial Law, in order to get it passed. Public response is working. We're not winning all the battles, but we are winning some. You can not give them an inch here. People are waking up every day. Talk to people about this... make sure your local coin dealers know about this... make copies for them. Print out flyers with the contact info for your Congresspeople and go to Kinko's and make 500 to 1,000 copies and go give 200 each to 5 different coin dealers in your area. Just do something, because it is making a difference. And regarding the manipulation of gold and silver, I don't think it's really about "keeping the price down" because I think it would ease deflation fears to see the price of silver and gold rise. I think it's about their final shakeout attempt. Then want in, they want in bad, and they want in big, because they know what's going to happen to fiat currency worldwide. They're calling for a "global new deal" to come out of the April G-20 meeting in London. An unprecedented, coordinated global re-flation effort. The US Dollar as the reserve currency has a "mechanical" advantage during debt deleveraging, but other currencies do not... and people all over the world are flocking to buy physical gold. I think they're pushing for a final shakeout in gold and silver prior to the G-20 meeting. Our job is to stay in the game, and not get shaken out, and whipsawed. Fwiw, I'm doing a little nibblin' here and some put sales. I was able to buy back a few stocks (ABX AEM PAAS KGC) a buck, or two cheaper than where I dumped into the open... but, I'm not adding back everything. I didn't get much a flip opp intra-day, so I'll keep tight stops and see if we get a little bounce back tomorrow. The HUI has been teetering on the edge of support over the last week. We had to give it a chance to turn and rally. And imho, it would have... if not for AIG, as gold was up +$10 over night. But, AIG just blew the DOW and S&P through key levels, and now the broad market technicals are looking just as ugly as are the underlying fundamentals. So, I'm keeping some powder dry to see if we get a 50%ish garden variety pullback of the move into the HUI 240's. We should see strong support there unless the DOW breaks 6K. And you must stay short something as a hedge here to your gold stocks. I'm fading out of 2 X SDS short and into the un-levered SH short S&P ETF here, as I do not want to be 2 X levered on a potential gap up open/bounce tomorrow. SOTB PS: re: "Americans are far too stupid to do anything about it." ...remember, it only took 2% participation to trigger the first Tea Party and the American Revolution. We can't worry about the other 98%, that's Darwin's job <vbg>. Just make sure you're one of the 2%'rs.