 A new principle created by me........ |
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 Mar 16 2008, 03:41 PM
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#1
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 Member Group: Traders-Talk User Posts: 1977 Joined: 2-October 03 From: Ft. Myers Fl. Member No.: 260  |
Whatever can be cornered, will be cornered.
Precious metals are very cornerable. Actually, I can't think of another single asset class than could be cornered. By cornering, I speak of not just 1 person or group but by a very small group of folks. Remember the Hunts? Here was just 1 family who was almost able to by themselves push silver to much higher prices than they are today. Today we have many more families and groups such as the Sovereign Wealth Funds who can perhaps squeeze prices to crazy heights. Also our control over the movements of such wealth is extremely limited. The most strategic use of those funds would be to buy the metals. Very easy market to understand. When the light bulb goes on, WATCH OUT! -------------------- I just want one more bull market.
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Mar 16 2008, 09:32 PM
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#2
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Member Group: Traders-Talk User Posts: 2528 Joined: 22-April 04 Member No.: 1778 |
what i remember is one day, comex changed the rules, one could only sell silver, there was no buying silver contracts allowed. obviously this put in the top. the exchanges will, when cornered, change the rules to insure their survival. be aware, this will not carry on forever. dharma
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Mar 17 2008, 06:56 AM
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#3
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Member Group: Traders-Talk User Posts: 140 Joined: 27-July 04 Member No.: 2131 |
QUOTE (dharma @ Mar 16 2008, 10:32 PM)  what i remember is one day, comex changed the rules, one could only sell silver, there was no buying silver contracts allowed. obviously this put in the top. the exchanges will, when cornered, change the rules to insure their survival. be aware, this will not carry on forever. dharma Olivia Newton Jones Let"s get physical Those eagles are round and try to corner them 
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Mar 17 2008, 11:34 AM
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#4
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Member Group: Traders-Talk User Posts: 1977 Joined: 2-October 03 From: Ft. Myers Fl. Member No.: 260 |
We went global, remember? Comex schmomex. If Abu Dhabi wants gold they will buy it.
-------------------- I just want one more bull market.
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Lo-Fi Version | Time is now: 3rd September 2010 - 12:03 AM |