2015年11月13日 星期五

Market Manipulation Confusion

www.armstrongeconomics.com 全文

If you cannot understand the difference, then you obviously do not have any real experience. Here is a taped phone call on the silver manipulation before Buffett had to admit that he bought $1 billion in silver between myself and a dealer who was not part of the manipulation which was ENTIRELY short-term and not perpetual..

It was on January 28th, 1998 a class action lawsuit was filed against the commodities firms that had been buying the silver. The lawsuit maintained the price of silver was being manipulated because the price of silver was rising as gold was going down, an “unprecedented” occurrence. With accusations that silver prices were being manipulated and a CFTC announcement that it was looking into the accusations, Buffet’s Berkshire issued a press release on February 3rd, 1998 disclosing the purchase of $1 denying he was manipulating silver, yet silver still fell to new lows and the positions were sold.

沒有留言:

張貼留言