Gold Conspiracy

Now the gold nuts think it was a conspiracy because gold cant ever possibly go down…. From the ABC…”It looks as though it’s a coordinated, orchestrated attack on the price,” said David Baker, a managing partner with Baker Steel Capital Managers who helps manage hundreds of millions of dollars worth of gold assets for the…

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Are Short Sellers Positive Feedback Traders? Evidence from the Global Financial Crisis

During the recent global financial crisis, regulators, politicians and high-profile media coverage blamed short sellers for amplifying stock market downturns. Regulatory authorities in a number of countries imposed short-sale constraints aimed at preventing excessive stock market declines. This paper examines bans on selected financial stocks in six countries during the 2008-2009 global financial crisis. These…

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