Monday, May 16, 2011
Say what you like about Carlos Slim and his preference for capitalist hegemony rather than philanthropy – the man can trade. In the years to come he will likely widen the gap between the richest man in the world and everyone else.
A few weeks back as Zero Hedge wrongfully speculated (surprise, surprise…) that the silver shorts were DOA, because Carlos Slim was about to purchase the remaining physical silver out of the market – Mr. Slim was out actively hedging (selling short) his own mine production two to three years out. In essence, likely more than doubling the market price he will receive if silver continues to trade along the backside of the parabolic arc as expressed by the Nasdaq, Circa 2000.
at 9:37 AM