Silver Bears, caught up someone else in the 70’s as I recall.
The Hunt Bros. were Bulls.
The VERY CONSERVATIVE Hunt brothers were set up by Volker and his buds at the Fed and were nearly destroyed financially.
Of course, the MSM never reported THEIR side of the story. Sound familiar??
I attended an informal meeting with Bunker Hunt back in the day — BEFORE the brothers were hammered by the power elite — and CBS was on the block. He expressed interest in buying CBS but was concerned that he couldn’t find like-minded folks to staff the thing. Some of us piped up and said that wouldn’t be a problem. Needless to say, he never made the offer.
Too bad as it would have spared us Katie Couric and the rest of these morons over there as CBS would have been Fox before Fox — only more hard-core.
The Hunt brothers were able to completely monopolize the silver market, completely legally, causing the FedGov to act anyway. Their fate as similar to the GM bond holders fate in that the government, desperate to resolve the situation, basically said “The rule of law be damned.”
And the rest is history.
That said, a certain friend of mind was made mind bogglingly rich by the whole thing.