examiner.com — To the millions of tourists who have driven down San Francisco's Lombard Street, it is easily the "crookedest street in the world."But as familiar as that street is to everyone who has driven it or seen it in a movie, Lombard Street has nothing on the winding road that has been built between Washington and Wall Street.
Jun 17, 2009 View in Crawl 4
Closed AccountJun 17, 2009
"There is no other leveraged commodity market where short sellers increase their positions, materially, as the price rises, and increase them even more when prices are exploding, except gold and silver. The reason traders don't normally do that is that it exposes short sellers to unlimited liability and risk. Yet, in both March and July 2008, and on countless occasions over the past 21 years, vast numbers of new gold and silver short positions were temporarily opened up, with the position holders seemingly unconcerned about the fact that precious metals had just risen exponentially, and that there was a very real potential they would bankrupt themselves with unlimited upside potential. Normal traders would not expose themselves to such unlimited risks." <a class="user" href="http://www.longwavegroup.com/news/2008/08_12_05_gold.htm">http://www.longwavegroup.com/news/2008/08_12_05_go ...</a>
chestnutridgeJun 18, 2009
Which was created in 1987!!! So how is it the "secret Obama plan"?
shigJun 18, 2009
The PPT isn't a plan. They implement plans.FTA "In fact, as recently as April, a number of observers noticed some unusual patterns in the "program trading" on the New York Stock Exchange, suggesting someone may indeed be working to "prop up" the market with large amounts of buying.Even more suspicious was the fact that the largest trader — with a volume 5X higher than anyone else — was none other than Goldman Sachs. . . a firm that shares an extremely cozy relationship with the boys in D.C."Look at that list of positions in my comment above, and note that 2 out of 5 are Goldman Sachs alumni. Treasury Sec. Geithner was managing director of Goldman Sachs. The CFTC chairman Gensler worked at Goldman Sachs for 18 years, and replaced the current SEC chairman Mary Schapiro in that position. The person she replaced as SEC chair? He's now at Goldman Sachs.A veritable fascist coup d'etat. I ain't saying Obama done it, and it's all his fault. I'm saying he's leading it right now. Bush led it before, and Clinton before him, and Bush before that, and Reagan...