muses of the moment

October 16, 2012

Jim Sinclair

Filed under: Gold and Silver Investing, MF Global bankruptcy, Precious metals — totallygroovygirlfriday @ 5:42 pm

Today in Jim’s Mailbox post, an interesting theory is proposed…..click here. Scroll down roadtoroota section.

Roadtoroota suggest that the very short silver position that has been passed around the last 5 years, possibly causing the MF Global criminal action (via JP Morgan), is now in Citigroup’s hands…AND is one reason for the surprising departure of the CEO and COO today.

This is just rumor. Do not trade on this info. We shall soon see.

Are you protected? As we have seen in the past, when this silver position starts to blow up, it is the brokers’ customer accounts that disappear, not the short position and not the banks holding it…..

Nothing has changed since MF Global, you have to protect your own investments.

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