The situation is similar on the silver contracts at COMEX. At some point the concentrated short positions held by "rogue" Chinese traders will threaten to collapse the entire market as continued price suppression by naked shorts eliminates the price discovery these markets are supposed to reveal. Already there is a disconnect with physical purchases and the COMEX "spot" price. Silver will explode in price between now and the new year with but a single miscalculation by Beijing.
These manipulations endemic of the fraud perpetuated now in all markets. The west on the verge of an historic economic collapse. All paper markets suspect now.
Oh well, you seen one Great Depression -- then you've seen 'em all.
HG
Are you sayng the LME and COMEX prices are being distorted by short positions not backed by any actual holdings, and that this is being done to deliberately suppress prices for the advantage of Chinese companies?
I was going to say part of what you said. The London Metals Exchange is seriously in deep doodoo. Their players have been trying to manipulate the market with naked shorts, and have badly overextended themselves.
Moreover, earlier this year the Bank of England sold a pot lot of gold all of a sudden, not to prop up their currency, but to help out these corrupt traders in the LME. In fact, I heard they were trying to knock down the price of nickle to help their pals in the City.
This is a bad business, because the LME is supposed to be a major exchange. It's supposed to be something the producers and buyers in the market can count on, not a den of gamblers.
Let me guess, you are in reality Lyndon LaRouche.
Please...tell me more.
Let me get this straight....nickel falls 3.8% and that means we're headed toward a great depression?!?!
ping
I thought you might be interested.
Which is why some wags in the financial game are calling it CRIMEX.
wow, a nickel aint worth a dime these days...
Nickel loses 4 percent? Boy if I had a penny for every time I heard that...
