RE: Brokers forcing down Goldcorp?You have more guts than I have playing anything margin right now. one thing that is likely happening is that some of these brokerages have heavy shorts both legal and not so legal from inside or with preferred clients. by changing the rules down they get you to put pressure on the down side and it helps them cover (more profit). at the same time they are screwing you they likely sympathizing with you about the brutal markets. my guess is that it depends on their level of shorts and who's doing them.
another area to consider is that there is a lot of bleeding going on inside some of these firms right now and they are likely scared to death gold is going to take off and catch them with their pants down. I think thats going to happen anyway but they have been so accustom to having it their way they cannot conceive any other outcome other than being in control. Markets have changed in the past 3 weeks. those that were in control are scared as hell right now. You need no more evidence than the DOW today. gold is about to have its day in the sun and the Comex calls will be what puts it there. could happen over night. Comex is working hard to cap gold in the last hour of trade each day and each day it is taking them further into the quagmire their greed has created. They are past the point of no return and besides its someone elses money. they get paid their commission and management fee even if they lose all your money. I'll bet lots of poor buggers out there don't even know their pension has been decimated and likely won't find out until January.
Something that seems to totally elude these clowns pouring billions into the system is that they created a consumer based economy and then shipped most of the high paying jobs out of the country killing the consumer. Knock the crap out of the real estate tax base, try to run government on a hamburger slingers tax assessment, raise the price of fuel so no one can drive a car and then act flabbergasted because the economy is failing. They give stupid a new meaning.
I saw a little note somewhere today that stated, "don't panic but if you are going to panic make sure your the first to panic." Like real estate agents of a couple years ago the brokers and fund managers believed their own BS and now its to late for many of them."
Gold and good PM shares, what more can I say. No margin - No Debt.