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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (40703)2/1/2013 4:40:38 PM
From: benwood2 Recommendations  Respond to of 48092
 
I'm inclined to believe that idea -- re: hot money. The market has such a small percentage of retail investors now that it's turning into a wave machine of aglo-driven hot money sloshing around. The algos want to draw in retail investors and shake their retirements out of them, but at the same time, grapple with each other so the algo-writers and their sponsor company executives can get multi-million dollar bonuses.

It hardly ever serves an economic purpose any more, just a machine to generate money which spins off 1/10th of 1% to Congress to keep tilting the playing field further in their favor.



To: Mike M2 who wrote (40703)2/4/2013 1:07:51 PM
From: Mike M2  Respond to of 48092
 
I don't see this mentioned often. The gold reserve requirement elimination act of 1968 see page 3 amazon.com . I highly recommend Richard duncan's " The New Depression"


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