RE: RE: What Good Do We Do?Hi Gildage!
No, it wasn't ECU but that is the sort of thing I'm talking about. The fact that the Silver Market is so very small sets it up for manipulation. If I were China with lots of US dollars to use up,.... or a hedge fund who sees that silver's "going to the moon' (to paraphrase Doug Casey) and wants to get us minions out of the way to minimize the profit sharing, ..........or a big bank trying to hold silver down while I extricate myself from a difficult short position, this market is small enough I would be able to knock it off balance with one whoosh of my a crocodile tail! (For some of those financial institutions, playing havoc with the silver market could probably be handled out of Petty Cash.)
That's a few reasons for some of the pumping and (I've since learned the proper expression!) dumping that goes on.
Another entirely different reason is that conversations on the Internet can be so anonymous that it is an easy way for people to be beligerent and obnoxious, fighting over the most trivial of issues. On some boards, and elsewhere on blogs etc, it can be really pathetic. This Board is nothing like that.
Short selling.... Well, I'm with you right there. I have never been in favour of short selling, covered or otherwise. Some may argue there is a place for it in stocks of large companies, but I don't even agree with it there either.
When they start playing that game with small companies, trying their hardest to make a stock price fail, then I have no time for their argument, whatever it may be.
Incidentally, considering that I'm getting on in years an' all, do you have any budgeted date for when you will become leader of the world? Let me know, and if you don't leave it too long, I'll come along and help you out. We should perhaps do some forward planning to decide where and in what order we do this. There's going to be a lot of them to take care of, especially if it's to include unloved bankers etc in "the line-up".
A joke, of course, but inside I realize it's not really a laughing matter. Things like that may not be too far off, given the turmoil that is just starting to manifest itself.
Personally, I don't expect to lead the world; I just haven't got what it takes. I just want Silvermex to be successful so that I can afford to live out my remaining years playing my fiddle in relative security and comfort, ... a la Nero.
Sunwood,