SHORT SELLING
The U.S. companies were caught manipulating the price of gold in the 1970's I think it was when HSBC and I think JPM had a trader that defected and gave testimony, law suits ensued, don't know the outcome! Its on WIKIPEDIA if you want to research this further
Make no mistake this is the U.S. Companies and govt in an attempt to protect their dollar and slap the Chinese and Japanese around. The U.S. has already warned CHINA and JAPAN about devaluing their currency, POT calling KETTLE. I think the U.S. is in panic mode about their economy, dollar and they are like a cut snake lashing at everything they can.
Personally Id like to see POG hit 1000 in the short term because the ETF would collapse completely damaging the shorters.
HANG TUFF GANG
Add to My Watchlist
What is My Watchlist?