Gold manipulation revisited

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Viewing 6 posts - 11 through 16 (of 16 total)
  • Thu, Oct 15, 2009 - 09:44pm

    #11
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Ignorance is bliss?

[quote=JAG]

[quote=Cloudfire]

I can’t believe that this is logical to you, so I must be misunderstanding what you’re saying . . .

[/quote]

“You” see what you want to see, because it confirms who you think you are. As a trader this is death by subjectivity..

In your analogy, I would say that your so worried about the guy with the knife behind you that you step out in front of a speeding bus. 

All I’m saying is that fixation and awareness are mutually exclusive.

[/quote]

Who’s fixated? . . . I don’t trade gold . . . So, I’m hardly fixated . . . Nay, I’m barely interested in what causes gold to go up or down relative to dollars . . . Or whether it is up or down, for that matter.  But, it seems that, for people who are, it would behoove them to be aware of all data and possibilities, as when walking on any busy street.  I’m just saying that it makes no sense to me to willfully block any observation . . . If you’re going to walk down the street, at all . . . But hey, it’s your walk, not mine  . . .

  • Fri, Oct 16, 2009 - 01:18am

    #12
    Peak Prosperity Admin

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    Re: Gold manipulation revisited

Cloudfire,

I wasn’t speaking of you personally. Thats why I used the quotation marks on the word you. Sorry for the misunderstanding….poor writing skills on my part

Jeff

PS: I would have PM this, but your PM is not available.

  • Sat, Oct 08, 2011 - 10:52am

    #13
    Peak Prosperity Admin

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    Looking for Real Gold Buyer to establish Long time business

Available offer of AU Metal Gold Dust under the penalty of perjury with full responsibility to the following terms and conditions stated below.

1. Product:AU Metal (Gold Dust)
2. Origin:Ghana
3 Location: West Africa
4. Form:Gold Dust
5. Purity:98.73%
6. Equivalent Carat:23.70
7. Prize:USD$34.500.00/per Kg.
7. Quantity: 500Kg

Sincerely
Mr.Michael Holshue.
e-mail [email protected]
Tel+229-96-62-00-53
 

  • Sat, Oct 08, 2011 - 10:53am

    #14
    Peak Prosperity Admin

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    Gold dust for sell

Available offer of AU Metal Gold Dust under the penalty of perjury with full responsibility to the following terms and conditions stated below.

1. Product:AU Metal (Gold Dust)
2. Origin:Ghana
3 Location: West Africa
4. Form:Gold Dust
5. Purity:98.73%
6. Equivalent Carat:23.70
7. Prize:USD$34.500.00/per Kg.
7. Quantity: 500Kg

Sincerely
Mr.Michael Holshue.
e-mail [email protected]
Tel+229-96-62-00-53
 

  • Sat, Oct 08, 2011 - 04:18pm

    #15
    Peak Prosperity Admin

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    Regarding Gold dust from Ghana…

Until our usually alert moderators take these posts down.. and not that I am worried that anyone here on CM would for a minute consider the above entreaty… but just to be sure;

http://www.emirates247.com/markets/gold/tons-of-gold-imports-turn-to-dust-on-arrival-2010-08-15-1.279082

"Several tons of gold imported into the UAE by traders and investors turned out to be fake on closer inspection, resulting in millions of dirhams in losses and high levels of stress to the victims.

Speaking to Emirates 24|7, Mohamad Shakarchi,, Managing Director of Emirates Gold, said: "A lot of people in the UAE who tried to import gold at lower prices or through dubious overseas companies have been cheated.

We have inspected many consignments from African countries, especially Ghana, and found that there is not an ounce of gold in them."

  • Sat, Oct 08, 2011 - 05:07pm

    #16
    Peak Prosperity Admin

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    Gold Market Manipulation and (fiat) endgame investing

These kind of non-economic sales of PM’s.. meaning that so much is dumped, at so illiquid a time of day, that it can’t be targeted at anything other than causing a waterfall drop in the price, are to me a screaming sign of market manipulation.  Why is this important to know?

For me, it confirms my own hunch that there continues to exist an arb on a final, parabolic blow off for the metals.  Gold is the anti paper… and governments and central bankers have a vested interest in keeping the true terminal condition of their fiat currencie obscured.  There are lots of factors lining up that will make the process of manipulating ever more difficult (China’s PAGE coming on line, visible tightness in the physical coin/bar markets, CTFC’s upcoming ((maybe)) vote on position limits, etc)  so I believe that the markets will eventually break the bounds of manipulation, in conjunction with a broad, inflation-driven loss of confidence in fiat.  I believe that very few will actually participate in this blow off, having been effectively scared off of PM’s by the kind of induced volatility we are experiencing now.         

In the meantime, acknowledging the manipulation helps free me to trade a bit in the shorter term – I don’t have any idea when we enter the parabolic phase.. but I think we will know it when we see it.  This outlook would be subject to change if I saw signs that we were headed toward a more Volcker-esce approach to money… but I think we all know how slim the odds of that happening are.

This discussion brings to mind a thought that I have been mulling for some time;  Silver vs Gold, and their relative ability to be manipulated.  

Consider;

1)  There is much more above ground tradable Gold than Silver    

2)  Central banks own large flushs of Gold that can be sold or leased to control price.. not so for Silver

So, while Silver has been more volatile than Gold as of late… I wonder if there will come a time when it becomes less able to be manipulated downward than Gold?  If the CTFC votes for position limits, it will effectively kill the cartel’s ability to use unlimited paper shorting to directly affect Silver waterfalls.  At that point, the only central bank-like flush of Silver will be SLV, which of course is under the control of the bullion bankers, and must be acknowledged.  

      

          

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