Friday night Smack Up!!!

Do you consider Zerohedge an information source?
During my 3 years pm experience, I've found nothing but scams there.
It's then ironic to see them blaming others for manipulation, they do this themselves all day week month year long.
 
Pirocco said:
Do you consider Zerohedge an information source?
During my 3 years pm experience, I've found nothing but scams there.
It's then ironic to see them blaming others for manipulation, they do this themselves all day week month year long.
Click to expand...

The big banks have already been busted manipulating Libor so why do you find it difficult to believe they are manipulating the PM markets?

Just curious to hear your thoughts.
 
according to trader dan the bullion banks are buying so lets hope they do. :D

J P Morgan - "Bottom may be in for Gold"

Three Morgan analysts were reported today as issuing some research which essentially is calling for a bottom in the gold market. That is what Dow Jones is reporting from Barron's Blog.
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You do have to ask why JP Morgan has been loading up on all that gold when it comes to the Comex delivery process. Hey, nothing like acquiring lots of the metal and then letting your analysts give the market a bullish call which essentially guarantees that the price is going to rise and you are going to secure some excellent profits.
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http://www.traderdannorcini.blogspot.com.au/2014/01/j-p-morgan-bottom-may-be-in-for-gold.html

interesting comment and link from unknown and response from dan in the comments section.
 
SilverSurfer77 said:
The big banks have already been busted manipulating Libor so why do you find it difficult to believe they are manipulating the PM markets?

Just curious to hear your thoughts.
Click to expand...

People like wrcmad still think Libor is a conspiracy, I mean no one would dare manipulate anything in this world. Let him leave his head deep in the sand :)
 
Pirocco said:
Do you consider Zerohedge an information source?
During my 3 years pm experience, I've found nothing but scams there.
It's then ironic to see them blaming others for manipulation, they do this themselves all day week month year long.
Click to expand...
I consider ZH a valuable source of info. Is it 100%... no it does need to filtered and interpreted. Even MSM news site (which obviously you use) are a source of info. The biggest manipulation is done on information feed to joe public and to work out what is being pushed and why is important... to me at least.


The question for you is not "Is gold being manipulated?", but rather "If gold is not being manipulated why the hell not?".

1). It would be highly beneficial ($$) to manipulate Gold.
2). It would be very easy to do.
3). It would be easy to get away with (especially with ppl like you in this world)

So why the hell would they not do it?

I have a firm belief that a lot of the downward manipulation is done by China through proxies to get a discount on phys... if they are not doing this the sure are missing out on a trick IMHO.

A more important question then "Is gold being manipulated?", Is "Will the manipulation end?", and "If Yes, What will make it end?"

The answer to the last question is silver
 
leo25 said:
People like wrcmad still think Libor is a conspiracy, I mean no one would dare manipulate anything in this world. Let him leave his head deep in the sand :)
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Wrong.
People like me reserve judgement. I have said before that the jury is still out on this for me.
How keeping an open-mind places my head in the sand, I am not sure?
While a great proportion of stackers proclaim to "know" exactly what is happening, and like to openly whine and cry foul based on this assumption, I prefer to take responsibility for my descisions and own the price of my assets while I choose to hold them.
The richest source of amusement, and also the strongest disincentive to become a member of the "woe-is-me" club in regards to manipulation, for me, are the unwavering cries of manipulation during price drops, which are conspicuous by their absence during price rises. ;)
Passing the blame in the pursuit of self-validation is not my thing... that would be sticking my head in the sand.

See my sig. :)
 
SilverSurfer77 said:
Pirocco said:
Do you consider Zerohedge an information source?
During my 3 years pm experience, I've found nothing but scams there.
It's then ironic to see them blaming others for manipulation, they do this themselves all day week month year long.
Click to expand...

The big banks have already been busted manipulating Libor so why do you find it difficult to believe they are manipulating the PM markets?

Just curious to hear your thoughts.
Click to expand...
The existence of Libor is already manipulation.
The obvious is that both Zerohedge / big banks being no different.
Sharing the same: getting others products without having to help producing 'm.
In order to achieve this, they spread bogus stories to mislead / trick people into wrong decisions.
I believe none of both.
Those were my thoughts.
Not the first time I mention these here!
 
I'd be curious to hear explanations of why sudden spikes, both up and down, occur in both gold and silver markets at exactly the same moment, if it is not some big trader trying to push the price in a particular direction.
 
trew said:
wrcmad said:
Passing the blame in the pursuit of self-validation is not my thing...
Click to expand...

Except when it comes to politics that is

:lol:
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:lol: Yes, with politics it may seem that way.. but
I'd more accurately call it passing the blame in the pursuit of self-interest. :D
 
thatguy said:
Pirocco said:
Do you consider Zerohedge an information source?
During my 3 years pm experience, I've found nothing but scams there.
It's then ironic to see them blaming others for manipulation, they do this themselves all day week month year long.
Click to expand...
I consider ZH a valuable source of info. Is it 100%... no it does need to filtered and interpreted. Even MSM news site (which obviously you use) are a source of info. The biggest manipulation is done on information feed to joe public and to work out what is being pushed and why is important... to me at least.


The question for you is not "Is gold being manipulated?", but rather "If gold is not being manipulated why the hell not?".

1). It would be highly beneficial ($$) to manipulate Gold.
2). It would be very easy to do.
3). It would be easy to get away with (especially with ppl like you in this world)

So why the hell would they not do it?

I have a firm belief that a lot of the downward manipulation is done by China through proxies to get a discount on phys... if they are not doing this the sure are missing out on a trick IMHO.

A more important question then "Is gold being manipulated?", Is "Will the manipulation end?", and "If Yes, What will make it end?"

The answer to the last question is silver
Click to expand...
The manipulation I blame ZH is that they spread plain wrong stories, alike comparing amount trades on a day (volume) with production, alike summing up central bank loans while ignoring their terms in order to get a much bigger number falsely suggesting inflation, alike comparing intrest rates to zero instead of to eachother, alike selecting all bigger Comex withdrawals (while selecting any of 3 classes Total / Registered / Eligible that is such a plus) and ignoring all additions, and numerous others I came across in the couple years I put my nose in the pm world.
Either those ZH authors are plain stupid either they are misleading people on purpose.
It's obvious which one of both it is, and what the motive behind it is.

It's not the metal that is manipulated. Gold is gold. It's peoples decisions that are manipulated. Using bogus stories.
What will make it end?
Making clear how the stories are bogus, and why they were made bogus in the 1st place. They suggest others to do something. Then they do the inverted. Then they blame others instead of the mirror.
 
trew said:
I'd be curious to hear explanations of why sudden spikes, both up and down, occur in both gold and silver markets at exactly the same moment, if it is not some big trader trying to push the price in a particular direction.
Click to expand...
Regardless X big or Y small - because they watch the same - woohoo! - "Technical Analysis", because they read the same economical / central planning news articles, because they try to achieve frontrun positions in all markets where people might park / exit their money. These days often automated in algorithms, as to preserve their frontrun speed advantage edge. This is by the way not different than decades ago, other names - other hardware, only the money for nothing drive remained. "Money Managers", "Swap Dealers", are some of the titles they reside under. And yes, they push the price in a particular direction, like we all do if we buy or sell haha.
 
Greenman said:
Gino said:
Andrew Maguire on the state of the market.
http://kingworldnews.com/kingworldnews/Broadcast/Entries/2014/1/18_Andrew_Maguire.html

Dose of salt, etc.
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Mr King interviews gold bulls and gold companies advertise on his site. I don't listen anymore. Same old, same old every week.
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Ye that's the red line that remains at any price.
They need some suckers buying at any price.
Themselves, they don't of course.

Biography from coghlancapital.com

Andrew Maguire - Coghlan Capital

Andrew Maguire - Precious Metals
Andrew is an accomplished veteran of the markets. He has 30 years trading experience, both as an institutional and independent trader, the last 19 years of which have been as a metals specialist.

Andrew is the driving force behind metals analysis and the MetalsTrades service for Coghlan Capital.

For those who would like to get more information and sign up you can do so by CLICKING HERE.


Company Info:

The Coghlan Capital team comprises highly experienced individuals, each with a focus in a distinct area:

Paul Coghlan - Founder and Currencies
Paul has had a highly successful business career that saw one multi-national company taken from near start up through to IPO and two others formed and sold in quick succession. Migrating to market analysis since 2000 his analytical skills are rooted in applying proven technical analysis methods which when combined with money management provide traders with a much needed edge.
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See that's what they're doing. Hence my previous post.
 
I guess they will be wrong until they are right. The Bulls and Bears are just labels of different sentimentality that will be right at alternating times.

The middle ground is probably somewhere nearer the truth, on average.

Anyway, Andrew Maguire was the trader "whistleblower" that demonstrated the leading signals and repeatability of the market manipulation, so is worth listen to IMO.

But you are right, it's usually a bunch of people talking their book, hence the dose of salt.

Reminds me of Max Keiser and his incessant bitcoin pumping. Gets increasingly harder to listen to, until you don't.
 
The true value of silver is the spot price.Simple.

There are politics and manipulation in every sphere of commerce.

That's what makes the world go round.

That's why we have winners and loosers.

If a market was perfect with full knowledge no one would loose nor win as price would be determined purely by supply and demand and we could all sleep well at night with our Samuelson text tucked securely between our legs or bum cheeks which ever suits.
 
Pirocco said:
Greenman said:
Paul Coghlan - Founder and Currencies
... Migrating to market analysis since 2000 his analytical skills are rooted in applying proven technical analysis methods which when combined with money management provide traders with a much needed edge.
Click to expand...
See that's what they're doing. Hence my previous post.
Click to expand...

I'll have to start reading more of this guy..... smart bloke. :)
 
Kawa said:
The true value of silver is the spot price.Simple.
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60 days later, your true value was driven up from $32 to $50.
Another 3 days later, your true value was sold down from $50 to $32.

Kawa said:
There are politics and manipulation in every sphere of commerce.

That's what makes the world go round.

That's why we have winners and loosers.

If a market was perfect with full knowledge no one would loose nor win as price would be determined purely by supply and demand and we could all sleep well at night with our Samuelson text tucked securely between our legs or bum cheeks which ever suits.
Click to expand...
I thought the world / commerce went 'round along producing and trading its result.
Winners nor losers.
Price according to how well the job was done.
Bogus stories, lies, misleading, manipulation of people, that's pretty much the same 'job' as pocketthieves on a marketplace have.
 
wrcmad said:
Pirocco said:
Greenman said:
Paul Coghlan - Founder and Currencies
... Migrating to market analysis since 2000 his analytical skills are rooted in applying proven technical analysis methods which when combined with money management provide traders with a much needed edge.
Click to expand...
See that's what they're doing. Hence my previous post.
Click to expand...

I'll have to start reading more of this guy..... smart bloke. :)
Click to expand...
He makes money from people that read his stories in a zero sum market. :)
 
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