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Gold/Mining/Energy : McEwen Mining -- Ignore unavailable to you. Want to Upgrade?


To: JW@KSC who wrote (573)6/12/2012 10:03:17 AM
From: Beam  Respond to of 24509
 
I know this is somewhat off-topic with regard to the glaciers issue, but I did find the second part of the Rich Wolf's posted article particularly interesting as I'm seeing more and more references to PM price manipulation via COMEX skulduggery in collusion with the recently sullied IMF -- along with the goldless Fed, international CB's and other slight-of-handers like GS, JPM and their notorious ilk.

From My Conversation with Harvey Organ: tfmetalsreport.com

Harvey understands the working of the Comex more than anyone else I know in the industry. He asked me… how can the Comex receive so much silver in a day, when everyone else has to wait weeks or a month to get their silver? Furthermore, he believes the ability for the Comex to receive so much silver may be due to the fact that there is this CAT & MOUSE game going on between the LBMA (the dominant market for silver trading) and the Comex. Silver is moved from one vault to another to keep the ponzi paper leverage scheme alive.

No one (outside of the perpetrators) seems to know exactly what the real gold/silver-to-paper ratio is these thugs are using to manipulate the price, nor how many times the banksters can sell or "lease" their paper silver/gold back and forth to each other in the course of a single trading session. Here's what Eric Sprott has to say in his Tyranny of a rigged paper monopoly over silver price discovery he wrote about a year ago:

zerohedge.com

This is also a worthwhile video on the subject:



The questions posed are how can COMEX gold/silver trade a year's worth of worldwide PM mining output in a day?... except through what I would say was quite similar to "naked" shorting -- this is naked selling -- nothing but paper. Paper traded back-and-forth all day, along with massive shorting of key PM stocks, such as MUX, using high-speed trading algorithms to bring the PMs down in the morning, then let the metals prices float slowly back up while keeping their thumbs on the miners -- as happened yesterday.

It certainly does seem more and more likely that one or more big bankster-run hedge fund(s) is/are long gold and short the mining stocks as has been suggested. It certainly looks like it on the daily action.

Regarding the hug short position putting MUX in a straight-jacket, here's an interesting take on the situation on Seeking Alpha from last month:

seekingalpha.com

We're being robbed and cheated by this gag-banking consortium, and the more light that gets shown on their flagrant deeds, the more they're going to have to scurry back under the woodwork. The PM market is just too tiny to free itself for broader market forces -- until we finally get something like a 1-to-1 Chinese gold/silver exchange up and running strong. One dollar paid for one dollar's worth of gold? How novel.



To: JW@KSC who wrote (573)6/13/2012 6:10:03 AM
From: JW@KSC  Respond to of 24509
 
June 12, 2012 MUX Presentation Out

mcewenmining.com