TSXV:SLX.P - Post by User
Comment by
nderroron May 11, 2011 10:30am
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Post# 18559646
RE: cash flow will kill shorts
RE: cash flow will kill shortsthis also could be a game changer
We have just had a new development that will no doubt change the way that the monopoly known as Comex operates. The Hong Kong Mercantile Exchange, on May 18, 2001, will start trading a 10 kilo (32-ounce) gold contract. That should cost the Comex more than 30% of its market and its monopoly. Comex will be hard pressed to manipulate markets like they just did raising margins five times in nine days at the behest of government and JPM and HSBC. This will also eliminate banging the close by hitting the bids, because all of the commercials (banks) are short. We are going to see a whole new market world.
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