Gold manipulation a conspiracy or a fact
https://www.zerohedge.com/markets/three-jpmorgan-traders-charged-massive-gold-market-manipulation-fraud
https://www.zerohedge.com/markets/three-jpmorgan-traders-charged-massive-gold-market-manipulation-fraud
Innocent until proven guilty, no?
(I do like to indulge in making perverse comments. However it is true that it’s hard to know much of anything from a distance.)
Lol. I have one. …
Where their is smoke there is fire
It’s so obvious. Of course it depends on how you use the word “manipulation”; also how much you want to twist, distort, ignore. Just on a trivial basis you look at how almost any market (not just the Comex) behaves around options expiration and you’re choking on all your smoke billowing out, although I suppose you don’t have each and every detail proved and publicized in each case. As for gold and silver, I’m not sure that any evidence of manipulation by central banks or governments would ever get accepted by some people until perhaps it’s officially stated to be an ok position to accept it–teacher says it’s ok, Johnny. Odd, since you’d think that one of the things a central bank would be charged to do to stabilize currencies, rates, inflation would be to monitor and affect Au and possibly Ag prices, and that they’d be guilty of malpractice if they didn’t if you accept it’s their job to do much of anything. So strange.
The may have manipulated UP and down Mserr.
Is this the ubiquitous Gold price suppression Permagoldbulls are talking about …or is is manipulation for personal gain ?
Is this the Manipulation that took place from 2001 to 2011 when Gold rose 500%. ?
We don’t know. We don’t know the details. At least I don’t.
As far as the major manipulations that are alleged, by large entities, I believe what I read was that it was said to go both ways, and in complicated fashions. The larger governmental or quasi-governmental entities wanted a lid kept on it because they did not want alternatives to fiat money taken seriously, but didn’t care too too much how the lid was kept on necessarily. The details would include allowing it to go up and down. Thus those in banks and others were allowed to move it for personal gain in whichever direction, but the overall tendency was to damp the upward motion.
If it was going up a bit out of control upwards, the thought was, I think, it was ok for the bankers to sucker them in and exaggerate the motion, then hit them hard. That’ll teach them. Let the rubes go bankrupt over their stupid gold and silver. Idiots.
As I recall the usual hypothesis was in fact that both the up and down manipulations occurred, and that both the private gain and the public or semi-public policy occurred together. The bankers and their ilk were allowed to sucker people in for the rises especially if it got too difficult to hold prices down. Then the bankers +/- the governmental and quasi-governmental agencies together smacked the prices down, allowing the private bankers to profit both directions. At the same time a general distaste or fear for precious metals was engendered, which persists. So, the answer is, according to this way of thinking, Yes. Both according to the usual hypothesis as I recall. The data seem to be in keeping with these sorts of hypotheses. The data can presumably be explained by other hypotheses according to which the central banks and bankers don’t pay attention to gold prices and therefore don’t bother to do much about them. I don’t follow this manipulation stuff. I don’t sit on the policy committees or the trading councils either, so I have to admit some ignorance.
Gladl they were indicted
I’m not necessarily glad. If “they” means some underlings it is absolutely conceivable in my mind that “they” might include innocent scapegoats, fall-persons–or at worst those who did what everyone else did but perhaps raised questions about its propriety or or didn’t bathe often enough or dressed badly or something.
🙂
From what little I have read, so far it looks like good ole fashion corruption and greed. Add that to the long list of analysts falsely pushing stocks, insider trading, stealing and all the other things that happen when there is tons of money to be made and being “honest” seems like a quaint colloquialism.
Doesn’t sound like the world wide cabal is running this one — but you never know!
This 2015 article on ZeroHedge discusses conspiracy theories and the methods employed by U.S. government agents to thwart conspiracy theories.
Also, from searches of U.S. court records, it is clear that real conspiracies are quite common and judges are trained to look for conspiracies.
https://www.zerohedge.com/news/2015-02-23/1967-he-cia-created-phrase-conspiracy-theorists-and-ways-attack-anyone-who-challenge
Criminal conspiracy is different than “conspiracy theories”. Criminal conspiracy is more than one person acting together to commit a crime.
A conspiracy theory is an explanation of an event or situation that invokes a conspiracy by sinister and powerful actors, often political in motivation, when other explanations are more probable. The term has a pejorative connotation, implying that the appeal to a conspiracy is based on prejudice or insufficient evidence. Conspiracy theories resist falsification and are reinforced by circular reasoning: both evidence against the conspiracy and an absence of evidence for it, are re-interpreted as evidence of its truth, and the conspiracy becomes a matter of faith rather than proof (from Wikipedia)
Things like birtherism, sandy hook, 9/11, pizza gate, chem trails, Q-Anon, most anything trump believes … — those are conspiracy theories. Facts can be explained away and missing facts prove it to be true.
I think the gold market likes conspiracy theories so the analysts can explain away why they were wrong for 25+ years and get believers to keep buying their newsletters and products.
Agree Kemmrich
Kem and GC, you need to exchange all your PM holdings for currency, I’m buying.
1) Epstein killed himself
2) WTC7 came down all at once due to fire
3) The Podesta emails and his buddy Alefantis’ Instagram mean nothing
4) Seth rich’s murder was simply unsolveable thug crime
5) There was only one shooter (with a bump stock) in Vegas
If you cannot invalidate the evidence contrary to these narratives, I’d suggest either your aren’t looking for it or don’t care to.
The truth isn’t going to go looking for you, esp. while sitting in front of your TV.
U.S. investment bank is on the hook for racketeering and repeated manipulation of the gold market.
https://wallstreetonparade.com/2019/09/will-jamie-dimon-finally-lose-his-job-over-racketeering-charges/
The following link provides additional information regarding ongoing manipulation of gold/silver markets.
https://www.tfmetalsreport.com/blog/9673/abject-corruption