Gold Market Manipulation is a Myth

Discussion of the Gold portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
Ad Orientem
Executive Member
Executive Member
Posts: 3109
Joined: Sun Aug 14, 2011 2:47 pm
Location: Florida USA
Contact:

Gold Market Manipulation is a Myth

Post by Ad Orientem » Thu May 01, 2014 12:07 pm

Ceterum censeo Trump delendum esse.

"Suppose you were an idiot. And suppose you were a member of Congress. But I repeat myself." M.Twain
User avatar
Cortopassi
Executive Member
Executive Member
Posts: 1504
Joined: Mon Feb 24, 2014 2:28 pm
Location: Illinois

Re: Gold Market Manipulation is a Myth

Post by Cortopassi » Thu May 01, 2014 2:15 pm

Yes, I think it is either something you come around to, about there really not being any long term manipulation, or you are of the type that believes it wholeheartedly and nothing will change your mind.

I think maybe a question to ask though, is how long can it be manipulated?  I would tend to say easily longer than most people can mentally hold out, and that's the problem with the gold market and other markets.

Going up -- markets can go up way longer than expected sucking in every last investor, even those at the top thinking it can still go a lot higher.

Going down, ditto, people selling thinking it can go much lower.

The market is very good at screwing with people's minds!  I am just such a recovering person!

Mike
But what do I know?
User avatar
dualstow
Executive Member
Executive Member
Posts: 8675
Joined: Wed Oct 27, 2010 10:18 am
Location: next to emotional support peacock
Contact:

Re: Gold Market Manipulation is a Myth

Post by dualstow » Thu May 01, 2014 2:47 pm

Ad O, I thought your post was going to read, "Or is it myth?"
Thanks for not pulling a Don Lemon. ;-)
Vanguard treasury money market now yields 1.72%
compounded (last week, 1.73%)
User avatar
bronsuchecki
Full Member
Full Member
Posts: 79
Joined: Wed Nov 09, 2011 9:47 pm
Location: Perth, Western Australia
Contact:

Re: Gold Market Manipulation is a Myth

Post by bronsuchecki » Thu May 01, 2014 8:09 pm

Cortopassi wrote:I think maybe a question to ask though, is how long can it be manipulated?  I would tend to say easily longer than most people can mentally hold out, and that's the problem with the gold market and other markets.
Well according to Eric Sprott the central banks have nearly run out of gold and while he doesn't put a timeframe on it, his comments would imply that it will end soon. Somehow I don't think that will stop commentators blaming manipulation every time the gold price doesn't do what they want it to.

For a long term investor following a disciplined rebalancing stratgegy, as Craig says, the short term manipulations that occur don't matter.
Disclosure: I work for the Perth Mint. What I say is done in a personal capacity and is not endorsed by the Mint.
User avatar
l82start
Global Moderator
Global Moderator
Posts: 2593
Joined: Sun Apr 25, 2010 9:51 pm

Re: Gold Market Manipulation is a Myth

Post by l82start » Fri May 02, 2014 10:34 am

"the gold price is fixed so what"  Peter Schiff http://www.rightwingnews.com/column-2/t ... d-so-what/  an article with some parallels to this topic.
This is the way the world ends
Not with a bang but with a bureaucrat

Belief is the death of intelligence. As soon as one believes a doctrine of any sort, or assumes certitude, one stops thinking about that aspect of existence
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2048
Joined: Fri May 21, 2010 4:16 pm

Re: Gold Market Manipulation is a Myth

Post by buddtholomew » Fri May 02, 2014 10:57 am

The "manipulators" are either asleep at the wheel this morning, or they have decided to manipulate the price higher.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
dragoncar
Executive Member
Executive Member
Posts: 1163
Joined: Wed Aug 10, 2011 7:23 pm

Re: Gold Market Manipulation is a Myth

Post by dragoncar » Fri May 02, 2014 1:01 pm

buddtholomew wrote: The "manipulators" are either asleep at the wheel this morning, or they have decided to manipulate the price higher.
What's going on here?  I assume people think "hot economy = inflation," but on the other hand "hot economy = interest rate hikes" so why is TLT ballin'?
Reub
Executive Member
Executive Member
Posts: 3700
Joined: Fri Jan 21, 2011 5:44 pm

Re: Gold Market Manipulation is a Myth

Post by Reub » Sat May 03, 2014 12:22 am

An unbelievable 800,000 people left the workforce last month.  There are now a stunning 92,000,000 people who have left the workforcein total , the highest since Jimmy Carter was President in 1978. That doesn't sound like much of a thriving economy going forward and could explain the recent rise in long term treasuries.
Last edited by Reub on Sat May 03, 2014 8:55 am, edited 1 time in total.
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2048
Joined: Fri May 21, 2010 4:16 pm

Re: Gold Market Manipulation is a Myth

Post by buddtholomew » Wed May 07, 2014 12:37 pm

Manipulators back at it again...
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
dragoncar
Executive Member
Executive Member
Posts: 1163
Joined: Wed Aug 10, 2011 7:23 pm

Re: Gold Market Manipulation is a Myth

Post by dragoncar » Wed May 07, 2014 3:02 pm

buddtholomew wrote: Manipulators back at it again...
I freaking hate gold.  Always down.  Never up.  Except when it's up ...
User avatar
buddtholomew
Executive Member
Executive Member
Posts: 2048
Joined: Fri May 21, 2010 4:16 pm

Re: Gold Market Manipulation is a Myth

Post by buddtholomew » Wed May 07, 2014 3:58 pm

dragoncar wrote:
buddtholomew wrote: Manipulators back at it again...
I freaking hate gold.  Always down.  Never up.  Except when it's up ...
My sentiments exactly.
"The first principle is that you must not fool yourself and you are the easiest person to fool" --Feynman.
Cyclesguy
Junior Member
Junior Member
Posts: 11
Joined: Mon Dec 02, 2013 5:23 am

Re: Gold Market Manipulation is a Myth

Post by Cyclesguy » Wed May 14, 2014 5:22 pm

Thoughts about this?
How to Deal with CME Gold & Silver Price Capping …:
http://youtu.be/Ah3yLq6zmJQ

I watch the gold and silver price several times a day ( I know I'm weird) and the price action has got to be more than coincidence. There are times when the entire world supply of these metals is being sold short on paper in one day especially silver.
Post Reply