Gold and Silver market? They have been manipulated for over 50
years. Sprott_money posted on Zerohedge the exact mechanics of the
silver market manipulation, one could google for it. The smoking
gun is that the amount of physical gold and silver in COMEX vaults
has not changed since the beginning of this year, while the number
of futures contracts as doubled at least. I foresee that at some
point the price of COMEX will diverge from the price of physical
metals, and only the funds backed up by real physical metal
holdings will follow the price of the physically delivered metals.
IMO, of cause.
yeah regardless of the manipulation or not, that stuff is just
noise, for trading you have to focus on the charts etc. And the COT
data has been useful and the one thing that told us that the
correction following the Aug highs would take a while to unfold.
Folks get impatient, particularly gold bugs and gold sites
and know most that bought back in way way too early after those
early fall highs. While Steve and I had some long ideas in that
space since then, they have been for shorter term trades.
again for trading purposes I would pay no attention to the
manipulation stuff, it can't provide you timing or triggers, it's
simply side information
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I wholeheartedly agree, seems like
Posted by mshokry on 25th of Nov 2019 at 02:56 pm
I wholeheartedly agree, seems like the most manipulated sector around.
Gold and Silver market? They
Posted by junkie on 25th of Nov 2019 at 03:08 pm
Gold and Silver market? They have been manipulated for over 50 years. Sprott_money posted on Zerohedge the exact mechanics of the silver market manipulation, one could google for it. The smoking gun is that the amount of physical gold and silver in COMEX vaults has not changed since the beginning of this year, while the number of futures contracts as doubled at least. I foresee that at some point the price of COMEX will diverge from the price of physical metals, and only the funds backed up by real physical metal holdings will follow the price of the physically delivered metals. IMO, of cause.
yeah regardless of the manipulation
Posted by matt on 25th of Nov 2019 at 03:14 pm
yeah regardless of the manipulation or not, that stuff is just noise, for trading you have to focus on the charts etc. And the COT data has been useful and the one thing that told us that the correction following the Aug highs would take a while to unfold. Folks get impatient, particularly gold bugs and gold sites and know most that bought back in way way too early after those early fall highs. While Steve and I had some long ideas in that space since then, they have been for shorter term trades.
again for trading purposes I would pay no attention to the manipulation stuff, it can't provide you timing or triggers, it's simply side information