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Message: John Ing Interview

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John Ing Interview

posted on Oct 29, 09 02:59PM

That was a very positive interview with John Ing posted earlier by gwr. I imagine a lot of investor types watch BNN, so his take, imo, just adds more fuel to the growing awareness and support of the PMs.

What I often wonder about is why so many of these analysts never discuss or even refer to the huge short positions of the big banks and their seemingly easy way of controlling the PMs, or at least being able to keep them at a level far below where they should be, inflation adjusted, that is. It's as though these analysts don't know, and if they do, don't seem to think it matters much. Men like Butler, Steer and Murphy talk about the seriousness of it all the time, but most of the other guys hardly ever. They remind me of a bunch of leashed dogs not realizing what's holding them back.

I don't see how any significant advance of the PMs can occur until such time as the huge short position situation of those big banks is resolved.

From the way these big banks continue to short gold and silver with abandon, they don't seem to be very concerned that the CFTC may put limits on position size. If they knew it was coming, I wonder if they would continue to behave this way. Perhaps they know that only longs and specs will have position limits, or they'll be grandfathered in somehow, or they'll have plenty of time to unwind, or they'll just take their activities off shore and continue on as usual, or whatever. Just another Thursday puzzle.


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