Gold Market Manipulation is a Myth
Posted: Thu May 01, 2014 12:07 pm
Permanent Portfolio Forum
https://www.gyroscopicinvesting.com/forum/
https://www.gyroscopicinvesting.com/forum/viewtopic.php?f=5&t=5887
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.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.
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'?buddtholomew wrote: The "manipulators" are either asleep at the wheel this morning, or they have decided to manipulate the price higher.
I freaking hate gold. Always down. Never up. Except when it's up ...buddtholomew wrote: Manipulators back at it again...
My sentiments exactly.dragoncar wrote:I freaking hate gold. Always down. Never up. Except when it's up ...buddtholomew wrote: Manipulators back at it again...
Can you point us to the source for this info? This is stunning news indeed, if true. I assume you mean worldwide?Reub wrote: 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.
Just the US.sophie wrote:Can you point us to the source for this info? This is stunning news indeed, if true. I assume you mean worldwide?Reub wrote: 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.
800k: http://www.nytimes.com/2014/05/03/upsho ... .html?_r=0#sophie wrote:Can you point us to the source for this info? This is stunning news indeed, if true. I assume you mean worldwide?Reub wrote: 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.
The 800k is not the number I'm having trouble with. 92 million is. That's more than a quarter of the population of the United States. Is that a typo or are there sources?Kshartle wrote:800k: http://www.nytimes.com/2014/05/03/upsho ... .html?_r=0#sophie wrote:Can you point us to the source for this info? This is stunning news indeed, if true. I assume you mean worldwide?Reub wrote: 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.
Entity with a printing press stealth buying treasuries through Belgium (zillion articles to choose from on this): http://www.economicpolicyjournal.com/20 ... stery.html
It's amazing that money printing, deficit spending and socialism has not led to an improved economy. Who would have believed it?
92 million unemployed adults is stunning? It is a lot, but makes sense to me. My company has lost staff at our office since I started in 2006. It's gone from 2200 or so down to maybe 1800.Ad Orientem wrote:The 800k is not the number I'm having trouble with. 92 million is. That's more than a quarter of the population of the United States. Is that a typo or are there sources?Kshartle wrote:800k: http://www.nytimes.com/2014/05/03/upsho ... .html?_r=0#sophie wrote: Can you point us to the source for this info? This is stunning news indeed, if true. I assume you mean worldwide?
Entity with a printing press stealth buying treasuries through Belgium (zillion articles to choose from on this): http://www.economicpolicyjournal.com/20 ... stery.html
It's amazing that money printing, deficit spending and socialism has not led to an improved economy. Who would have believed it?
You can see it another way, in the official Labor Force Participation Rate:sophie wrote: Can you point us to the source for this info? This is stunning news indeed, if true. I assume you mean worldwide?
I believe the increase from the 50s to the 90s was due in large part to women entering the workforce in unprecedented numbers. The steep decline of the past 10 years is not just mean reversion but something more serious. Perhaps we can find a chart for males only. I think it would labor participation for men as low or lower than during the great depression.MachineGhost wrote:You can see it another way, in the official Labor Force Participation Rate:sophie wrote: Can you point us to the source for this info? This is stunning news indeed, if true. I assume you mean worldwide?
http://www.ft.com/intl/cms/s/0/428e1400 ... z3IjBbG2ypUBS is to settle allegations of misconduct at its precious metals trading business alongside a planned agreement between UK and US authorities and seven banks over accusations of foreign exchange market rigging.
http://www.marketoracle.co.uk/Article48138.htmlYet, the so called conspiracy ‘theories’ are being proven to be real conspiracies by banks.
Why are you repeating these conspiracy theories?mortalpawn wrote: For those of you who believe gold market manipulation does not exist - UBS (formerly Swiss bank) agreed to settle allegations over its gold trading today:http://www.ft.com/intl/cms/s/0/428e1400 ... z3IjBbG2ypUBS is to settle allegations of misconduct at its precious metals trading business alongside a planned agreement between UK and US authorities and seven banks over accusations of foreign exchange market rigging.
Other banks are also expected to settle soon - as multiple countries have investigations ongoing in the precious metals markets.http://www.marketoracle.co.uk/Article48138.htmlYet, the so called conspiracy ‘theories’ are being proven to be real conspiracies by banks.
So yes, in addition to manipulating the Libor rates (which several were already convicted of), banks are apparently also doing at least some rigging in precious metal and FOREX markets.