Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Gold Prices
Gold Price
[Most Recent Quotes from www.kitco.com]
Our RSS Feed

Gold Updates by Mail

Enter your email address:

Follow Us on Twitter
« SK OptionTrader Closes 100 Trades | Main | Precious Metals BREAKTHROUGH Takes Down GLD! »
Monday
Jul162012

CEO’s Responsible For Standing Up Against Manipulation

This is a short update regarding manipulation of LIBOR and what it means for gold and gold mining shares from Jim Sinclair  always worth a read, in our humble opinion. Don't forget that you can also visit his website and sign-up for his free newsletter as you read as widely as you possibly can.

  

Jim Sinclair

My Dear Extended Family,

The justice department has been quoted by MSM concerning their desire for jail sentences for those that are directly involved in LIBOR Manipulation.

Barclays has said there are 17 in the US banks.

This is a major change, and would mean a great deal to the unquestioned manipulation of the gold/gold shares and silver/silver shares market.

The CEO’s of those gold and silver companies suffering from unabashed manipulation could very well have new legal precedent to recover lost capital value for their shareholders.

It is the responsibility of every gold and silver share company CEO to seek justice for their shareholders. It will take courage but that is what they are paid for.

DOJ prepares criminal cases in Libor scandal.

The Justice Department is building criminal cases against several banks and their employees, including Barclays (BCS), for their role in manipulating Libor rates, the NYT reports. Bloomberg writes that Barclays  traders involved in the scandal could be hit with U.S. charges by September. Meanwhile, New York and Connecticut have been conducting their own inquiry for six months.

Respectfully,
Jim

............................................

"Nothing will unnerve the paper gold shorts more quickly and do more to undercut their confidence than to strip them of the real metal and force them to come up with more hard gold bullion to make good on deliveries. "Stand and Deliver or Go Home" should be the rallying cry of the gold longs to the paper gold shorts." --Trader Dan Norcini

 

Regarding www.skoptionstrading.com. We recently closed a trade involving the S&P which generated a profit of 25.61% and was opened just 8 days ago, the charts and stats have now been updated.

Our trading success rate is 91.00%

91 profitable trades out of 100.

Our model portfolio is up 455.14% since inception

An annualized return of 81.15%

Our annual performance figures are as follows:

2009 We made a profit of 23.89%

2010 We made a profit of 158.66%

2011 We made a profit of 40.95%

In 2011 we outperformed:

S&P by 42%

HUI by 53%

Gold by 31%

Silver by 41%

The 2011 Annual Report by be accessed via this link.

Also many thanks to those of you who have already joined us and for the very kind words that you sent us regarding the service so far, we hope that we can continue to put a smile on your faces.

If you are new to investment in the precious metals sector then you may wish to subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address.

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (1)

Well they will not because the manipulators could short them to oblivion and they are not going to lose all their money by challinging the system

July 17, 2012 | Unregistered CommenterGold Bug

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>