Posted by caddpro123 on 15th of Oct 2016 at 09:15 am
If there was ever any doubts that gold prices are rigged
consider that last week alone over 1000 tons of paper gold was
sold. That number represents nearly half the world's annual
production. And all the while demand for physical gold continues to
outstrip supply. When the music stops, people will wake up to find
a new world currency backed by gold. And all the West's gold
reserves will have disappeared. And the same ruling elites that
have been literally robbing the Western world blind will be found
to have literally thousands of tons of gold sitting in their
private vaults. Gold which suddenly is worth 5 times what they paid
for it....
yes and while interesting, it's just something I don't bother to
follow, why? because you can't trade that, it can't provide trade
triggers. I've seen the articles way back since 2001 when I
started following gold more closely and it's always the same thing,
gold price being manipulated blah blah, but I have never seen a
useful piece of trading information from the articles, in fact most
of the articles are always bullish on gold because price is being
artificially held down by central banks and you need to buy now and
all the time because one day if the Central Banks lose control gold
will go up parabolically or just 1000 overnight etc. When the
articles are always telling you to buy, never sell, it's all one
sided and no use to me from a trading standpoint.
Good old technical work well and that's all I really care about
for gold.
here's my thought as to why the discussion of gold manipulation
comes up so often in the Trading Community AND
is important to many subscribers:
Contrary to trading general equities (where BPT subscribers day
trade or swing trade positions and are not holding long-term), I
would venture to guess many of those same subscribers maintain a
separate long-term position in gold and gold/silver miners (rather
than view them as another short-term trading vehicle based on
charts). I know I do, and suspect I'm not alone. I view
those positions different from those I trade in and out of.
To me, they provide insurance should the financial world go
completely awry. Wouldn't be surprised if I have company
here.
If that explanation is correct, it's no wonder people are
frustrated at the manipulation. Gold has become their only
long-term "fundamental position", and people resent when the game
is rigged. As you state however, there are no triggers to
trade off of, so day traders (like you and Steve) don't get hung up
on it.
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Manipulation of gold prices continues unabated
Posted by caddpro123 on 15th of Oct 2016 at 09:15 am
If there was ever any doubts that gold prices are rigged consider that last week alone over 1000 tons of paper gold was sold. That number represents nearly half the world's annual production. And all the while demand for physical gold continues to outstrip supply. When the music stops, people will wake up to find a new world currency backed by gold. And all the West's gold reserves will have disappeared. And the same ruling elites that have been literally robbing the Western world blind will be found to have literally thousands of tons of gold sitting in their private vaults. Gold which suddenly is worth 5 times what they paid for it....
https://goldswitzerland.com/the-gold-manipulators-will-be-punished/
yes and while interesting, it's
Posted by matt on 16th of Oct 2016 at 02:38 pm
yes and while interesting, it's just something I don't bother to follow, why? because you can't trade that, it can't provide trade triggers. I've seen the articles way back since 2001 when I started following gold more closely and it's always the same thing, gold price being manipulated blah blah, but I have never seen a useful piece of trading information from the articles, in fact most of the articles are always bullish on gold because price is being artificially held down by central banks and you need to buy now and all the time because one day if the Central Banks lose control gold will go up parabolically or just 1000 overnight etc. When the articles are always telling you to buy, never sell, it's all one sided and no use to me from a trading standpoint.
Good old technical work well and that's all I really care about for gold.
I may be wrong but......
Posted by RichieD on 17th of Oct 2016 at 07:24 am
here's my thought as to why the discussion of gold manipulation comes up so often in the Trading Community AND is important to many subscribers:
Contrary to trading general equities (where BPT subscribers day trade or swing trade positions and are not holding long-term), I would venture to guess many of those same subscribers maintain a separate long-term position in gold and gold/silver miners (rather than view them as another short-term trading vehicle based on charts). I know I do, and suspect I'm not alone. I view those positions different from those I trade in and out of. To me, they provide insurance should the financial world go completely awry. Wouldn't be surprised if I have company here.
If that explanation is correct, it's no wonder people are frustrated at the manipulation. Gold has become their only long-term "fundamental position", and people resent when the game is rigged. As you state however, there are no triggers to trade off of, so day traders (like you and Steve) don't get hung up on it.