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Collateral Damage

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Collateral Damage

Postby beauanderos » Sun Sep 28, 2014 10:49 am

http://www.kitco.com/ind/GoldReport/2014-09-24-Richard-Karn-s-Advice-for-Avoiding-the-Walking-Dead.html

Manipulation schemes do more than crush the morale of investors/speculators/stackers... they result in mine closures
and junior explorers falling into bankruptcy due to lack of cash flow and resulting debt issues. This article refers to Australia, but
I can't imagine it isn't true worldwide :shifty:
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Re: Collateral Damage

Postby 68Camaro » Sun Sep 28, 2014 11:35 am

beauanderos wrote:http://www.kitco.com/ind/GoldReport/2014-09-24-Richard-Karn-s-Advice-for-Avoiding-the-Walking-Dead.html

Manipulation schemes do more than crush the morale of investors/speculators/stackers... they result in mine closures
and junior explorers falling into bankruptcy due to lack of cash flow and resulting debt issues. This article refers to Australia, but
I can't imagine it isn't true worldwide :shifty:


Interesting. Sounds dire, but there's no context to understand the normal annual default rate of Aussie miners.
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