Originally Posted by TheInvisibleHand A must read on the utter BS rigged actions of the banking cartel and how they screw everyone else time and time again, that the gig is up. No one wants to play a rigged casino! The situation is now so widespread over the last 4 yrs it has eroded any faith left in these financial institutions. -IH " Source: Barrons The Silver Rush at MF Global Investors are furious that they can't get back the gold and silver they stashed with the failed brokerage. It's one thing for $1.2 billion to vanish into thin air through a series of complex trades, the well-publicized phenomenon at bankrupt MF Global. It's something else for a bar of silver stashed in a vault to instantly shrink in size by more than 25%. That, in essence, is what's happening to investors whose bars of silver and gold were held through accounts with MF Global. The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining ...
Originally Posted by TheInvisibleHand Good article explaining why the Comex Crooks will soon be obsolete, as there is no trust left after the MF Global shenanigans. -IH " Source: Financial Sense COMEX: The March to Irrelevance By Jim Willie12/21/2011 Divergence between paper gold and physical gold price is happening, the process begun. Actual physical shortages have kept the price up. The naked shorting of futures has kept the paper price down. The fraud cases and lawsuits, with no hint of prosecution, provide the levered force to create much wider divergence, as traders and entire firms depart the tainted crime scene that is the COMEX. Trust has vanished along with private accounts. At the center of the backdrop for the divergence, apart from the criminal events, is the economic deterioration and asset market downdraft. It leads to margin calls, loan payment obligations, fading investor confidence, negative sentiment, and a desire to avoid loss. Hence the huge liquidity concerns, selling ...
Originally Posted by TheInvisibleHand Great News After Hours, Gapping up now 3.80
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