Who is manipulating the gold price today?

Discussion in 'Gold' started by openeyes, Aug 14, 2019.

  1. openeyes

    openeyes Well-Known Member Silver Stacker

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    look at that tight range - seems just too tight to me

    upload_2019-8-14_13-1-30.png
     
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  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I would wager that tight range is just a large buyer (central bank perhaps) making use of the sudden price dip but I know little to nothing about price movements except what the people at kitco say.

    I haven't seen much evidence in the way of gold manipulation the same way there is clear evidence for silver.
     
  4. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    What clear evidence have you found on silver manipulation?
     
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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    It is well known that JP Morgan buy silver bullion on behalf of the chinese state and take out futures to keep the price where they want.
     
  6. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don’t know if it’s real or whether Jp Morgan is buying but it makes sense that China is stocking up on cheap silver for the solar panel industry. If I were a solar panel manufacturer, I will buy 4-5 year’s supply of silver for my own production usage when silver falls below $15 an oz.
     
    Last edited: Aug 14, 2019
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  7. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Whether there is a conspiracy or not, there are large market players that seem to dump contracts on comex regularly to maintain a relatively stable silver price. That's enough to suggest manipulation to me.
     
  8. openeyes

    openeyes Well-Known Member Silver Stacker

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    I had no evidence what so ever apart from the chart which seemed to be moving in such a narrow band compared to previous movements. It’s a headline grabber title for sure but the chart certainly raises suspicion in my mind.
     
  9. alor

    alor Well-Known Member Silver Stacker

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    the bigger money can easily front run those producers, when got caught, they pay the fines, as a natural cost of doing such business
     
  10. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    That is manipulation?

    How stupid do you think Chinese are, the most stupid people if ever lived, to allow their brokers to bet against them for decades.
     
  11. 66rounds

    66rounds Well-Known Member Silver Stacker

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    The manipulation is in their favour, allowing further purchases of silver for industrial use without increased metal costs.
     
  12. Slimey

    Slimey Active Member

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    So would you rather pay the higher price dictated by those experts who 'believe' that gold should be at a much higher price because of blah, blah, blah or would you rather pay the 'manipulated' price available for real bullion right now?
    Keep that manipulation going.
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I frequently check the inventory of online stores, physical gold buying has slowed down but silver and platinum buying has either maintained or increased marginally. Paper I don’t know.

    By the way, physical gold buying was most intense in Feb-Mar period, ironically.
     
  14. openeyes

    openeyes Well-Known Member Silver Stacker

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    A large buyer is always going to seem like manipulation to a small trader because they have so much influence in the market. But my inference was about a party holding the price from going up or down. But hey it’s a free market. I don’t believe there is any restrictions on a party buying and selling as they see fit and as such keeping the price from changing much. Of course more visibility of such activity would IMHO be a more ethical position but there’s the rub - we don’t live in a “fair” world.
     
  15. alor

    alor Well-Known Member Silver Stacker

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    which markets is not manipulated
    do just let us know
     
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  16. openeyes

    openeyes Well-Known Member Silver Stacker

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  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Here's an article that claims that China has restricted gold imports since May and gold import by China this year has actually fallen as compared to the same period last year. I recalled reading something simlar for India. In comparison, Indian silver imports has risen as compared to last year. Food for thought. So silver price has languished in face of rising demand while gold soared when demand has fallen??

    https://www.kitco.com/news/2019-08-14/Exclusive-China-curbs-gold-imports-as-trade-war-heats-up.html
     
  18. alor

    alor Well-Known Member Silver Stacker

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