KBowen7736

Has Gold Been Manipulated?

"But delivery is not the only way a commodity contract obligation can be offset. Before a delivery notice is tendered, a futures buyer can sell his/her contract at the current market pirce and realize his/her profit or loss in cash.

Historically, only 2-3% of futures contracts are actually settled by delivery. The vast majority are closed out prior to the delivery period by open market transactions. That includes commercial and speculative traders."

My point exactly! Herein lies the vehicle for manipulation if covering funds are limitless and the physical metal is never transacted.

Has Gold Been Manipulated?

"The question of the government's current infusions constituting a "manipulation" is a separate issue and not germane."

Of course governmental monetary infusion is germane to the gold price. The gold price versus the dollar is a key indicator of it's health and is therefore subject to manipulation to sustain the appearance that there is still the same value of worth. That is the poison that comes with having your currency be the world's reserve.
These gold contracts are sold short on the COMEX without actually borrowing the "real" metal. Then they are settled in cash. You let me print enough shares of any company and let me sell them on the open market with malice and I can guarantee you I will be able to take that share price exactly where I want it! And if it takes a few hundred million of TARP money to settle the postion after the downward market damage is done then so be it.

Soaring Silver, Stalling Gold

Not sure what to say besides thanks for the info on Boxing Day. Not much else there to pick over!

Time May Be Right for Entering Gold and Silver Positions

I think you are right on this one Andy. If you watch a basketfull of gold stocks that have good fundamentals it becomes fairly clear when the big players are dumping. Set some lowball buys at prices 10-20% below market and sit back and wait. Many times these large players will unload large amounts of stock on low volume and your order will be filled at a nice discount. I might however expand your list of viable juniors to include Miramar and Gammon Lakes as well. Both stocks are poised for huge upswings in the coming months.