Gold Market Manipulation is a Myth

Discussion of the Gold portion of the Permanent Portfolio

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Kshartle
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Re: Gold Market Manipulation is a Myth

Post by Kshartle » Wed May 28, 2014 7:24 pm

Who has the ability to dump millions of ounces at the market, without regards to the price, and had an interest in seeing these prices drop?

I would say buy whatever appears to be manipulated lower. When the real lack of supply is apparent there will a massive reverse......I think.
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sophie
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Re: Gold Market Manipulation is a Myth

Post by sophie » Thu May 29, 2014 4:01 pm

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.
Can you point us to the source for this info?  This is stunning news indeed, if true.  I assume you mean worldwide?
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Re: Gold Market Manipulation is a Myth

Post by Kshartle » Thu May 29, 2014 4:24 pm

sophie wrote:
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.
Can you point us to the source for this info?  This is stunning news indeed, if true.  I assume you mean worldwide?
Just the US.

800k of people previously counted as unemployed simply are no longer counted. Hence, the unemployment rate went down.

That rate is worth even less than the CPI imo.

As for treasuries, have you guys seen the reports that some entity has bought several hundred billion dollars worth since the taper started? They've done it through Belgium and it's more than the total cumulative taper amount.

The most likely guess it's the ECB which has the double effect of weakening the Euro, one of their main goals.
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Re: Gold Market Manipulation is a Myth

Post by Kshartle » Thu May 29, 2014 4:38 pm

sophie wrote:
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.
Can you point us to the source for this info?  This is stunning news indeed, if true.  I assume you mean worldwide?
800k: http://www.nytimes.com/2014/05/03/upsho ... .html?_r=0#


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?
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Re: Gold Market Manipulation is a Myth

Post by Ad Orientem » Thu May 29, 2014 4:43 pm

Kshartle wrote:
sophie wrote:
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.
Can you point us to the source for this info?  This is stunning news indeed, if true.  I assume you mean worldwide?
800k: http://www.nytimes.com/2014/05/03/upsho ... .html?_r=0#


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?
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?
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Re: Gold Market Manipulation is a Myth

Post by Kshartle » Thu May 29, 2014 4:52 pm

Ad Orientem wrote:
Kshartle wrote:
sophie wrote: Can you point us to the source for this info?  This is stunning news indeed, if true.  I assume you mean worldwide?
800k: http://www.nytimes.com/2014/05/03/upsho ... .html?_r=0#


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?
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?
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.

I think saying they've left the labor force is a misnomer and this isn't all since Obomber took office. Many of these are retirees and many are welfare queens who have never worked.


Wait, 800k of adults giving up looking for work in one month isn't stunning to you?  :o  It's a freaking disaster. Ohhh wait, maybe it's Obamawelfarecare recipients who will now have their healthcare subsidised by the taxpayer/dollar holders so they can quit. That's one of the benefits to Obamawelfarecare right?
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Re: Gold Market Manipulation is a Myth

Post by MachineGhost » Sun Jun 01, 2014 9:01 am

sophie wrote: Can you point us to the source for this info?  This is stunning news indeed, if true.  I assume you mean worldwide?
You can see it another way, in the official Labor Force Participation Rate:

Image
Last edited by MachineGhost on Sun Jun 01, 2014 9:03 am, edited 1 time in total.
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Re: Gold Market Manipulation is a Myth

Post by Kshartle » Sun Jun 01, 2014 4:34 pm

MachineGhost wrote:
sophie wrote: Can you point us to the source for this info?  This is stunning news indeed, if true.  I assume you mean worldwide?
You can see it another way, in the official Labor Force Participation Rate:

Image
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.
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Re: Gold Market Manipulation is a Myth

Post by Pointedstick » Sun Jun 01, 2014 5:29 pm

Image
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Re: Gold Market Manipulation is a Myth

Post by Longstreet » Sun Nov 09, 2014 4:33 pm

This debate is not new, but I tend to panic.  After all, everything on the internet is true, right?  Anyhow, what's the current opinion of the posters on this blog regarding gold manipulation by the Fed?  Is it occurring, does it impact your desire to hold gold as an insurance policy, and will it continue to depress prices or will the gold price explode through the roof once the artificial barriers are removed?  Please share your thoughts.  Thanks.

http://www.neptuneglobal.com/american-f ... -kranzler/
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Re: Gold Market Manipulation is a Myth

Post by barrett » Mon Nov 10, 2014 7:26 am

Longstreet,

I don't know the answer to your question but I do know that whenever you read something that is written by someone who has a vested interest in the price of gold going up (in this case a seller of precious metals, if I am not mistaken), you should take what they say with a grain of salt. Also check out the link to Craig's blog at the very beginning of this thread. He is basically saying that any manipulating that is going on won't hold up if market fundamentals say gold should rise in price.
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Re: Gold Market Manipulation is a Myth

Post by mortalpawn » Mon Nov 10, 2014 9:51 pm

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:
UBS 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.ft.com/intl/cms/s/0/428e1400 ... z3IjBbG2yp

Other banks are also expected to settle soon - as multiple countries have investigations ongoing in the precious metals markets.
Yet, the so called conspiracy ‘theories’ are being proven to be real conspiracies by banks.
  http://www.marketoracle.co.uk/Article48138.html

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. 
Last edited by mortalpawn on Mon Nov 10, 2014 9:54 pm, edited 1 time in total.
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