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Just a pure speculation piled on a larger speculation. No one really knows what the Plunge Protectin Team does, or if it does anything. So asserting that they might be buying GM is plausible, but not really based in fact. It's like saying the NSA has a secret program to track who buys carry-out pizza because there is a link between terrorist and carry out pizza. It is hard to disprove the asertion because the entity at the center of it is top-secret.

It's not even a certainty that the PPT exists anymore. There are all sorts of moribund Executive Orders out there not being uesed.

I'm not familiar with the writer but his other posts seem generally interesting. He's a gold bug, I take it. Nothing wrong with that.

You posted this, what is your opinion?

I think Nize also thinks it is just speculation. Afterall, he writes, "Is the PPT behind the recent up move in GM? We have no idea. But we feel the speculation is something worth noting."

But his comment about Warren Buffett is interesting.

I have been following Nize for awhile now and I have to agree with you that he seems to be generally interesting as a writer.

A contrarian keeps an eye on value. When a stock takes an irrational drop....time to buy.

This is especially true of Preferreds yielding great dividends.

GM was due to rise because it was too cheap.