Ashmore

The Manipulation of Gold Prices

Jim

The markets are manipulated by cartels and that is common knowledge and can be PROVEN. Cartels and or monopolistic trading are NOT endorsed by regulatory bodies in certain markets.

The Manipulation of Gold Prices

I just watched the price of Gold fall from US$877 to $US860 (9:35am New York time, 18 December 2008) in about 5 minutes. These markets need to be regulated. I also believe that a better system needs to put in place to price gold. Shorts and longs dictating the price of gold and no one taking delivery (small percentage historically).?
Whats right with this system? ZERO. GATA have tried to do something about this but in my eyes they have not done enough. They should be working towards a new pricing system and introducing that to the market and if you want to sell gold at the manipulated price its up to you. I don't think there is a prison big enough for Wall Street.

Gold and Silver Prices Will Begin to Shine

I live in Thailand and converted most of my cash into gold. Why? If the banks fail here I will have zero. This is totally on the cards. There would be a lot more casualties in the banking sector if it was not for the aid the US goverment has given this sector. As this recession deepens there is a possibility that a debt based currency could collapse. Any sane person would convert to gold. The safety of gold is a very big selling point. India has been waiting for the price to come to where it is today and NOW they are going to buy phsical gold at a hundred miles an hour. This will support the 750 level. India gold demand however has nothing to do with the price of eggs. A lot of phsical gold is now been bought behind closed doors. The COMEX price is supported by 23 year old business graduates making quick money and a scared US govenment. These guys live in a bubble and have mastered the art of selling long and short. This keeps the FED happy. The big boys (China, Russia, Sovereign Wealth Funds) are in a buying mode. They buy direct and these purchases go under the radar. The big boys are serious and there is a lot at stake. Delivering a death blow to the COMEX is last on the agenda. If the big boys pay betwween 700-850 for gold they are not worried becuse when they hit the trigger it will be too late for those that did not grasp the big picture. The bullion banks know this and that is why they support an argument that gold with soar. They are the insiders. There is a bigger game in play and as long as you have journalists who have no idea and cant even manage their own household debt it hides the truth. The gold price is not following classical movements. This recession has changed the way the big boys look at the USA and believe me they are not happy. The Chinese will not tell you directly to your face of their intentions. They do not like corruption or manipulated markets. The directors of these companies on Wall street would all be sitting in Chinese jails awaiting exection if they were Chinese citizens. UAE countries dont condone this behaviour as well.

Gold and Silver Prices Will Begin to Shine

I live in Thailand and converted most of my cash into gold. Why? If the banks fail here I will have zero. This is totally on the cards. There would be a lot more casualties in the banking sector if it was not for the aid the US goverment has given this sector. As this recession deepens there is a possibility that a debt based currency could collapse. Any sane person would convert to gold. The safety of gold is a very big selling point. India has been waiting for the price to come to where it is today and NOW they are going to buy phsical gold at a hundred miles an hour. This will support the 750 level. India gold demand however has nothing to do with the price of eggs. A lot of phsical gold is now been bought behind closed doors. The COMEX price is supported by 23 year old business graduates making quick money and a scared US govenment. These guys live in a bubble and have mastered the art of selling long and short. This keeps the FED happy. The big boys (China, Russia, Sovereign Wealth Funds) are in a buying mode. They buy direct and these purchases go under the radar. The big boys are serious and there is a lot at stake. Delivering a death blow to the COMEX is last on the agenda. If the big boys pay betwween 700-850 for gold they are not worried becuse when they hit the trigger it will be too late for those that did not grasp the big picture. The bullion banks know this and that is why they support an argument that gold with soar. They are the insiders. There is a bigger game in play and as long as you have journalists who have no idea and cant even manage their own household debt it hides the truth. The gold price is not following classical movements. This recession has changed the way the big boys look at the USA and believe me they are not happy. The Chinese will not tell you directly to your face of their intentions. They do not like corruption or manipulated markets. The directors of these companies on Wall street would all be sitting in Chinese jails awaiting exection if they were Chinese citizens. UAE countries dont condone this behaviour as well.