Gold dump time

The Australian is picking up the manipulation meme: "Who's seeking to sink gold?" http://www.theaustralian.com.au/bus...ing-to-sink-gold/story-fnciihm9-1226739260094 (paywalled)

The article actually doesn't go into a whole lot of detail, and it's mostly about other commodity metals, but this figure struck me pretty hard: 13 million ounces of gold were dumped onto COMEX within two hours on October 1 - that's almost 420 tonnes. Equivalent to half the GLD inventory. And last Friday, it was 2 million ounces (62 tons) in a single trade. What private investor is unloading two billion bucks worth of gold in a single hit?
 
Hi Yeti Hunter
It's interesting to note the time reference to these coordinated dumps, the State's financial condition is in life support status, the 85 billion monthly injection helps keep the 10 year bond percentage rate from rising into terminal territory.
Like the article said "After all, gold is the enemy of the money printers" somebodies motive of smashing its price helps the printers
Naturally this my opinion only
 
:lol:

4088_20131017.jpg


And I expect....

4088_crickets.jpg
 
C'mon Alfie c'mon, c'mon...
That was a nice deflection to the off-side.
Alfie said:
It's interesting to note the time reference to these coordinated dumps, ....
Click to expand...
This smackup was 4.30am NY time....
 
Ditto wrcmad, I notice you let these go through to the keeper mate

The theme of your reply is in your own words "rumours are taken as gospel or "evidence""
"If you are looking for a scape-goat for the price falls of the assets you are holding, then look to yourself"
"I accept and take full responsibility for my investment decisions"
"I also make sure I have contingency plans when prices go against me."
As its a fact lesson, please show me in this thread where I:
1) Admit I am a)holding assets and b)looking for a scape-goat when I simply QUESTION why this event took place in my example?
2) Asked you about your investment methodology?
3) Asked you what your contingency plans entail?

What were your answers?
 
Alfie said:
Ditto wrcmad, I notice you let these go through to the keeper mate

The theme of your reply is in your own words "rumours are taken as gospel or "evidence""
"If you are looking for a scape-goat for the price falls of the assets you are holding, then look to yourself"
"I accept and take full responsibility for my investment decisions"
"I also make sure I have contingency plans when prices go against me."
As its a fact lesson, please show me in this thread where I:
1) Admit I am a)holding assets and b)looking for a scape-goat when I simply QUESTION why this event took place in my example?
2) Asked you about your investment methodology?
3) Asked you what your contingency plans entail?

What were your answers?
Click to expand...
I guess you don't have a theory for tonight's move?
 
trew said:
I simply believe the futures markets are manipulated by the traders in the big banks who play the little traders and take their money
Everybody else is collateral damage
Click to expand...
+1
 
TreasureHunter said:
The origins of that "dump":
http://www.cnbc.com/id/101110403
Click to expand...
Seems fair enough...

But not everyone is on the conspiracy train.

George Gero of RBC Capital Markets, precious metals strategist and a veteran of the gold market, says what we saw could have simply have been a fund changing its mind.

"Gold has been a market hedge for some big funds, and of course you've had big ups in the stock market all week," Gero said. "As soon as they felt there would be a compromise in D.C. [on the shutdown and debt ceiling], they felt they had to cash in right away to get into stocks."
Click to expand...
 
Ooiiiii........that's not the gold chart

That chart measures my enthusiasm at work from starting time to just after knock off.....vertical scale 0 to 100%
 
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