[shrinkermd]

FYI. Not a few stories appear every week about the alleged dishonesty of the market makers. Among the worst is a recent article in Investment Rarities where it is alleged someone has sold 250 million ounces of silver short without owning that much silver. It is hard to tell if the stories are true, partly true or exagerations of normal market actions; however, it is true that the very presence of these stories is gradually corroding faith in the free markets.

[Steven W.]

"someone has sold 250 million ounces of silver short without owning that much silver."

you don't understand the process - when you short something you're (near) always borrowing it from somebody else (or your broker). Since silver continues to become increasingly irrelevant and devalued so significantly on almost a daily basis, however, that was a pretty good bet ;)

[Grampa Dave]

I hope that Hurlbert does a better job of documenting his news letter than documenting the decrease in the S&P 500 for the first of July.

NAV 90.75 for Vanguard 500 Index Fund:
Change +0.73 (+0.81%) Risk Average
Data as of Jul 01

The grand daddy of the 500 index, the Vanguard 500, had a .73% increase on July 1. It also ended today with an increase. So that is two back to back daily increases.

I guess that the mutual fund managers didn't "jimmy" the market enough with month end buying.

My 500 fund index actually had a small decrease on 30 June instead of an increase.

[montag813]

This is so stupid. The market has exploded higher since Tuesday morning, with no manipulation whatsoever. And if jobless claims come in below 400,000 tomorrow morning at 8:30 est, the Dow will rally over 300 points. What a whining stupid article.