Building metal inventories illegal?

[Daal]

I don't get why this would be illegal, when I say inventories I also mean futures contracts 'inventories', can someone explain
http://web.mit.edu/krugman/www/copper.html

 

[eusdaiki]

It's not illegal to build inventories. However, it is illegal to corner a market to artificially inflate prices [unless you're the Saudi goberment, then its ok to do it].

Is kind of like doing a pump and dump strategy, just that you do it in a much larger scale with a few more 000's.

 

[REDDEC]

the hunt brothers did it in the 70's and they went broke.

 

[NTB]

Why do you ask? Do you suspect that someone is doing that?

 

[BlueStreek]

all markets are manipulated to some degree.....look at the titles of his previous books........consider the source......cowtowing to the academic elite and their considerable peer-pressure regarding the free markets....academia has their own club/agenda,,,,,,basically, a cult like religion.....and governments.

 

[eusdaiki]

Quote from REDDEC:

the hunt brothers did it in the 70's and they went broke.

which market did they try to corner?

 

[niceneasy]

Quote from eusdaiki:

which market did they try to corner?

silver

bought it up like crazy... drove it to 50$ then it went back down to a few bucks an ounce and they went tapioca

 

[psytrade]

Volker bailed them out somewhat, otherwise they'd have negative net worth

http://www.gold-eagle.com/editorials_04/laborde012704.html

 

[Josh009]

Quote from niceneasy:
...they went tapioca

ROFL

anyway, i think they were pretty much ruined after that escapade

 

[REDDEC]

SILVER, THEY LOST OVER A BILLION DOLLARS OF WHICH THEY INHERITED