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overtheedge
Member since May 2012
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has posted a comment on the article :
Precious Metals Mining Company Managers: Your Job Includes Defending Your Industry
- Eric Dubin -
Investor Intelligentsia
Every participant in the market attempts to manipulate the market in their own best interests.
This has been obvious since the dawn of man.
It is also obvious that the majority of folks don't and won't accept the reality of investor ineptitude.
Personal failure MUST be someone else's fault.
Having been involved in extractive industries off and on over the past 4+ decades, I can say with absolute certainty that I have a fiduciary responsibility to the shareholders.
I am NOT paid to help competitors. I AM paid to maximize the profits of the company I either own or work for.
Any attempt to fight those who manipulate the markets is doomed to failure unless and until the government gets involved on the side of industry.
Usually this takes the form of price supports.
Coming back to investor ineptitude. If you know the game is rigged and you still play, don't whine like a little girl child when your baubles get redistributed.
You are NOT entitled to a profit. There is no such thing as a level playing field.
For winners to exist, there must be losers.
And the reason the big winners are so big is because there are so many losers who have exhibited the characteristics of lemmings.
The easiest way to win is be the contrarian. Buy wisely when everyone else is selling. Hold for months or years until the next buying mania starts getting out of control and then lock in profits.
You might wanna familiarize yourselves with DCA (dollar cost-averaging).
$2870 in attorney's fees for the GATA win in a FOIA claim against the Fed isn't much to brag about.
To the best of my knowledge, GATA has never helped my bottom line.
WGC conceivably has through its gold promotion efforts.
I will continue to pay my dues to the Alaska Miner's Association as the AMA acts in support of my interests.
It is my opinion that GATA is just another Don Quixote begging for support so it can continue to attack another quintain.
And I contend that GATA preys on investor ineptitude.
The average investor (gambler) is crippled by fear of failure and fear is a powerful motivator.
Believe as you will, support GATA through your donations and you will probably continue to get what you already got.
I will opt for a cheeseburger instead.
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3793 days ago
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Beginning of the headline :
Chris Powell, the Secretary/Treasurer of the Gold Anti-Trust Action Committee (GATA) published a fascinating dispatch today. A GATA supporter wrote to a silver mining company’s investor relations officer to complain about apparent indifference to manipulation of the monetary metals markets. The response: 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 re...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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ferzi
- 20/04/2013 à 20:03 GMT
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