July 16, 2008
For many years I have been an investor in the mining industry. I have seen on a weekly basis the ill effects of negative shorting on this industry. In particular, the junior miners have been ravaged by these jackals. They have turned this market into rigged corruption of free enterprise. Root them out. They are choking an industry that should be thriving in America today. Instead, they languish. Putting men out of work. States out of revenue. And investors out of luck.
I personally have watched the naked short selling damage the following stocks: HL, CDE, GSS, EGO and AUY.
Return the markets to a fair playing field.