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RE: (VIDEO). SPECIAL REPORT: The Economy, Prepare For Impact. By Gregory Mannarino

in #money7 years ago

But investing in precious metals mining companies worked until 2011, when "the gloves came off" in the Obama administration under the guidance of the Silver Users Group, Goldman Sachs, JP Morgan et al when they started using the Plunge Protection Team to absolutely crush precious metal companies by way of the COMEX daily prices.

That was my own personal "big mistake", when I thought foolishly that the "free" market would win over geopolitics. Instead, we saw the covert and overt power of the US/UK/Cabal rise to strike down the oldest threat to the petro-dollar and narco-dollar. We've been living with "mortar shelling" of the gold & silver prices ever since April 2011. The precious metal miner CEOs have betrayed their shareholders as well, because they live in fear of nationalization of their mines & equipment, and refused, Ayn Rand style, to stand up to the governments controlling their commodity prices and merely decided to play games with their stock prices until they could retire.

It will now take a paradigm shift to break the power of the US/UK/Cabal, as well as those profiting from the Cabal's prices, such as China.

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I Think First Majestic Silver Corp is a good buy.
I was at it when it was at 2.60 (Jan 2016) but missed that boat because in April it was already at 18$ .. And then went down again.. Its now at 8 ish,
But will wait for it to tank shortly when all margin calls happen.. Then its maybe down to half that.. For a few days.. Then its up towards the moon after that.
Was at 50+ in 2011 before Copter Ben crashed these markets.
But i believe in First Majestic.. Good economic, smart management.. And pure silver prod.. Having several mines in mexico.