Thanks for posting this gwr1

Snippet:

"While we sit and wait for whatever covering event occurs with it, I must reflect once again on the precious metal mining industry's complete dereliction of its fiduciary responsibilities to its stockholders, us. Their failure is complete, and by their very silence, they are just as complicit as JPMorgan Chase, and it's is a black mark on them that time won't be erased any time soon, at least not in my mind.

They will probably come out of this smelling like a rose when the precious metal repricing event occurs, but I can tell you right now that when I do come to the point where I sell my holdings, I will never own another mining share for as along as I live."

Comment:

I read this column yesterday right after gwr1 posted it and for the most part, as with every E.S. post, I found it interesting but with nothing out of the ordinary, except for the snippet above. This statement by Ed set me thinking about everything that seems to have gone haywire with the financial markets in recent months and years and I had to ask myself the following question.

"Going forward, what is there left to trust?"

The banks are not the answer, in fact they are the least trustworthy, possibly with the exception of the government and its PPT.

The federal government is also either as corrupt as the banksters, a toothless wonder, a cowardice organization, or a schoolyard bully that controls huge armaments and the legal power to enleash them on the populace at will, or maybe a combination of all four.

What about the local municipalities, handing out promises of "golden parachute pensions" that they can never expect to fulfill. That also goes for the TBTF corporations for the same reason.

How about the "watchdog agencies" paid for with tax monies who are charged with overseeing the controlling organizations like the COMEX ETC? (Come to think of it, what do these agencies actually do?)

So going forward the question becomes

Have these brilliant brains destoyed their own ability to take advantage of their newly found but really short-term riches.

Methinks that before long, these so-called "smartie pants" will wish they had never heard of such things as "algorythms" etc.

Just goes to show that even Baron Rothschild didn't have all the answers.

"We live in interesting times"

Good Luck to all!