Seeking Alpha

Dollar-sensitive commodities aren't spared the damage from news additional QE isn't right around...

Dollar-sensitive commodities aren't spared the damage from news additional QE isn't right around the corner. Gold -1.7% to $1,651, WTI crude -1.3% to $103.84, copper -0.8% to $3.89.
From other sites
Comments (6)
  • Rosali11
    , contributor
    Comment (1) | Send Message
     
    Iám a German national..I´am bullish on gold as Iám bearish on the perma growth story of mankind...gold is manipulated like the stock market to suit the corrupted establishment...but it will prevail when the other 99% are coming to realize what´s going on...I believ that a lot of Junior resource comp. that have great wealth below their feet will get more then the crab value they are getting from the markets here...cheer´s
    3 Apr 2012, 06:22 PM Reply Like
  • Denny_Chasteen
    , contributor
    Comments (700) | Send Message
     
    True Rosa, just wait until people realize in mass what is going on. Gold is in such short supply that it only takes a small percentage of bullish investors to send it hyperbolic. Gold is very, very under owned right now based on the percentage of investors who own it and how much they own.
    3 Apr 2012, 07:52 PM Reply Like
  • bdy
    , contributor
    Comments (151) | Send Message
     
    did a weekly spread on gld today before the fed minutes for almost a 200% gain let the good times roll
    3 Apr 2012, 10:32 PM Reply Like
  • rdsjes
    , contributor
    Comments (2) | Send Message
     
    Today, I was sitting at my computer watching the computer to see if there would be a large sell off at the close of the Comex. It happens a few times each week. Usually the HFT short selling, which produces a typical straight line pattern, is frequently followed by an upturn to take advantage of the manipulated low price by rapid long buying. Today, the short selling amounted to about $30 in the gold price and about 60 cents in silver, which is unusually large, but also there was a large downturn effect on the mining stocks. On the screen as well I watched the Dow, the Russell 2000 and many NYSE stocks as well turn down. The widespread effect of short selling gold and or silver is not often that widespread. The media said it was due to the Feds saying there was not going to be a QEIII around the corner-as if they haven't said that repeatedly in recent months. I'll wait until a few days to see if there is proof as to who the manipulators are, why there was no long buying as a follow up and why it was so widespread. If this was a manipulation, the HFTC does not typically respond to put a stop to it. Bart Chilton has said silver shorting has amounted to as high as 25% of the silver market owned by one perpetrator and he would like to put a stop to it, but at least 3 years have gone buy without anything being done. I'm sure we'll know more about this in the next few days.
    4 Apr 2012, 05:33 AM Reply Like
  • sean.parmelee
    , contributor
    Comments (790) | Send Message
     
    Or, it was due to the Feds saying there was not going to be a QEIII around the corner.
    4 Apr 2012, 10:41 AM Reply Like
  • rdsjes
    , contributor
    Comments (2) | Send Message
     
    There was a 30 pt downturn in Gold today at the close of the Comex. Also, at the same time, silver turned down about 60 cents. Clearly HFT was involved. The mining stocks began turning down also. Likewise, the Dow, the Russell 2000, the Nasdaq 100, and many other stocks had similar decreases at exactly the same time.. What was strange about this particular manipulation was its widespread effect, and also the lack of a follow up of the short selling by long buying to take advantage of the manipulated downturn. I could guess who did this, but I'll wait for the experts to show proof yet again of the perpetrators and the lack of any HFTC intervention. The media attributed it to the Feds saying yet again that ther is no QEIII right around the corner- like we didn't already know this.
    4 Apr 2012, 06:20 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector