TSXV:OSU.H - Post by User
Post by
Tradesmanon Nov 12, 2008 12:53pm
337 Views
Post# 15581079
COMEX is the real problem
COMEX is the real problemGold companies are in for a hard time unless/until the blatant manipulation on the COMEX market ceases.
Mines are shutting down and this only exerts more pressure on supply. How long can the manipulators keep a lid on this situation? I suspect not much longer.
The problem has been well documented. It's the interference of the Feds together with the big banks, piling up gigantic short positions on Gold & Silver and who knows what else. All this in an effort to try and convince the world that the dollar is a strong currency and gold/silver is worth nothing
No wonder the world economy is in a mess! Unwinding these short positions in the current climate must be getting more and more difficult. Delivery of physical gold & silver is becoming a challenge.
Bear Stearns crashed under the weight of its overplayed speculation. My personal hope is that JP Morgan Chase goes the same way and then the COMEX market will finally reflect the true price of gold/silver and the dollar.
As always, this is just my opinion but we can all hope, can't we!