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depourcq
Member since May 2012
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Silver mining company says it's helpless against market manipulation - Chris Powell - GATA

Dear Chris, I think of it this way, Mining company's need the banks to help fund their day to day activities, with their line of credit. If those banks are making more money manipulating the price of PM, then why bite the hand that is feeding you.

Commented 3788 days ago

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Beginning of the headline :A GATA supporter wrote the other day to the investor relations officer of a silver mining company in which he is invested to complain about the company's seeming indifference to the manipulation of the monetary metals markets. He soon received this reply: "Thanks for your email. We share your frustration about the silver price. However, we don't attempt to take action against the bullion bankers for manipulation because 1) it is primarily the responsibility of the U.S. Commodity Futures Trading ... Read More

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