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Just finished reading Jim Willie's latest missive. He is convinced that GLD is a scam and that Comex will run out of gold.

 

(if you're interested enough to read the whole thing, he gives Dennis Gartman a thorough reaming later in the article :lol: ).

 

http://www.marketoracle.co.uk/Article15513.html

 

"The corrupted COMEX and London Bullion Market Assn are the clear battlegrounds for the gold battle. In an open manner, no longer hidden from view, the COMEX is settling gold long futures contracts with Street Tracks GLD shares. Investors in GLD shares should be horrified at shareholder contamination. Clearly, the COMEX does not have much of any gold bullion, yet it operates formally as an exchange to sell gold, and to create a market for gold price discovery. Some call this new redemption developed appropriately a silent COMEX default, and correctly so. It is the early chapter of a COMEX default, presaged last May.

 

The two-sided fraud deserves mention once more. In time, the Street Tracks GLD (run by State Street, with JPMorgan as custodian) will be exposed as totally corrupt. They are using GLD shares openly now to cover COMEX short futures contracts. They are likely providing GLD bullion to London to satisfy futures contract delivery demands. Evidence painted a picture after London gold delivery stresses occurred at the same time as vast deletions from the GLD bar list, which suddenly reappeared days later. That is burning the candle at both ends of the GLD itself. Eventually my expectation is for GLD shares to sell at a 40% discount to gold price as the lack of gold inventory is revealed. Then later, after lawsuits, the GLD might easily sell at 80% discount. Finally the climax could be prosecution for fraud and all investors will be given 20 cents per dollar versus gold. Who knows? Maybe it will be 30% and 60% and 40 cents per dollar. The trouble for hapless unsuspecting investors is they did not read the prospectus, which permits such misuse of GLD shares. They just might be lazy and qualified sheeple. The Wall Street crowd did effective planning. One must give a tip of the hat to their brain trust. The GLD is a tool to drain gold demand from the public and to supply it to the syndicate. It is one of the most brilliant open ploys in financial history."

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Some DPTR news, albeit somewhat stale...Source: Barron's 13-D Filings

 

Delta Petroleum (DPTR)

Billionaire Kirk Kerkorian's Tracinda Corp. says it agrees with the decision of the oil-and-gas explorer and developer to review strategic alternatives, including a possible sale. Delta retained Morgan Stanley and Evercore Partners to evaluate and advise its board on these options.

 

Tracinda owns 93,797,701 shares (33.9% of the total outstanding). The investment firm is Delta's largest shareholder and controls three of the company's 10 board seats.

____________________

 

What does it mean? WTFK's !! BWHAHAHAHAHA

My guess is they sell the thing....I think Kirk is in at $1.80

If everything is working normally on Crook Street, Morgan is advising clients (hedgies and Mutual Frauds) that the company is toast as they have the inside skinny.

 

Psssst "Hey Fidelity, Hey Vanguard, Hey State Street.....DPTR is going down the crapper......get out now.....we should know, we're their advisor....."

 

Meanwhile Morgan, et. al. happily buy up the fundies shares

 

....and then Boom.....company get's taken out at $2.20 per share

 

Nah

 

It'll never happen

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Some DPTR news, albeit somewhat stale...Source: Barron's 13-D Filings

 

Delta Petroleum (DPTR)

Billionaire Kirk Kerkorian's Tracinda Corp. says it agrees with the decision of the oil-and-gas explorer and developer to review strategic alternatives, including a possible sale. Delta retained Morgan Stanley and Evercore Partners to evaluate and advise its board on these options.

 

Tracinda owns 93,797,701 shares (33.9% of the total outstanding). The investment firm is Delta's largest shareholder and controls three of the company's 10 board seats.

____________________

 

What does it mean? WTFK's !! BWHAHAHAHAHA

My guess is they sell the thing....I think Kirk is in at $1.80

If everything is working normally on Crook Street, Morgan is advising clients (hedgies and Mutual Frauds) that the company is toast as they have the inside skinny.

 

Psssst "Hey Fidelity, Hey Vanguard, Hey State Street.....DPTR is going down the crapper......get out now.....we should know, we're their advisor....."

 

Meanwhile Morgan, et. al. happily buy up the fundies shares

 

....and then Boom.....company get's taken out at $2.20 per share

 

Nah

 

It'll never happen

Hi.

 

I'm Drano.

 

And I'm a DiPsTeR.

 

post-837-1260397181.jpg

 

 

 

sure hope TJ's hypothetical comes true.....

after all I've been in it a whole day now and deserve huge profits.....

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Ah ha !!!

 

The reason for the ramp in RMIX revealed

 

Sympathy rally

 

John Paulson: My fund has never been so long 12/8/09 (TraderJoe: If I'm not mistaken, that's what she said)

 

"We still find a lot of compelling long investments on the equity side," he said, citing specifically Bank of America, U.S. cable-television giant Comcast Corp, and Germany's HeidelbergCement AG.

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TJ, I think Merissa is botoxing.

 

I think that pig is definitely sticking stuff in her face....but Botox wasn't my first guess....she is beyond unwatchable.....just pathetically awful, as a broadcaster and a person.....her complete lack of any moral fiber whatsoever is incredible

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