junior miners and banksters
posted on
Apr 17, 2011 12:49AM
(Edit this Message from the "Fast Facts" Section)
From someone much smarter than me.... and I think this post applies to sfmi.
Regarding the frustration of dealing with naked shorts in the junior miners and crooked markets in general...
The banksters will never turn away profits and their major future performer will be junior miners. One day the Venture Exchange will be more popular than the Nasdaq. They have hijacked the entire Venture Exchange and just about every junior commodity stock. Naked shorting a company is a perfect way for them to discourage owners in hope of acquiring their real shares. And what better way to discourage longs than have the metals soar while keeping the miners down. These hijackers will flip soon enough but they have not acquired their ransom in shares yet. No one knows more than them that naked shorts will never be covered, especially in Canada under the blind eye of the OSC. Having some miners move up while others are continually raided just adds another level of discouragement.
The fact that ECU (insert sfmi) and a few other fundamental stars have been hit the hardest should be taken as a compliment because these shares are the most coveted. Although the banksters are crooked to the core, they are expert psychologists and have the propaganda machine behind them to sway investors. The banksters are actually stronger now than they were a few years ago and they could crush all metal prices at will. The fact that they haven't just shows they are applying as much strain as possible on miner share longs.
We know the divergence between the metals and miner shares is near the break-point, so a for more weeks or months of sitting tight might just be worth it before we see the real fireworks.
All the best - VHF