RE:RE:RE:RE:RE:RE:RE:RE:Free Get out of Jail for the Silver Shorters on August 14 Sunvalley
As I have posted in the past, I have traded futures in stocks, bonds, currencies, oil, precious metals and agricultural commodities.
I believe ALL OF THEM are manipulated by powerful special interests, some of the time.
And not just by governments, although bonds and currencies are the most manipulated by governments, in my opinion.
So, in some ways I am more cynical and skeptical than you are about “free markets”.
You are correct about the selling of futures that were sold into thin markets, but that was not naked shorting, but selling short to longs at prices that were not advantageous to the sellers, or so it seems.
Large hedge funds can play short selling games in the futures market by combining that with being long puts on futures, for example.
The question we might ask ourselves is why big money interests did not step in and buy gold and silver futures after the big price breaks.
There appeared to be great value in gold and silver to buy the futures and sell in the physical markets and make big bucks in arbitrage.
I don't know why, but I suspect that physical demand was weak globally, at the time, and big money didn't think they could sell physicals at a good price and profit, even if they bought the futures at what looked like bargain prices.
What I try to impress on anyone who will listen is that all markets can be treacherous, particularly in the short term.
If you speculate in any market in a serious way, you are playing with professional big boys who are ready to pick your pocket.
It is absolutely critical to have good money management and risk control strategies.
The first rule in investing and speculating is to recognize that the future is unknown.
We are always dealing with probabilities.
To believe otherwise is to be a gambler and not an intelligent speculator or investor.
goldguy