What's fake is the hoopla surrounding it. You tout it as being a "fundamental" when it actually means nothing.....just like all the other fake and misleading stories that get pushed by PM bugs.
First, you complain that it's fake news. When confronted with documentation, it becomes "hoopla" and "misleading stories". JPM has been proven in court to have manipulated the silver market, yet you deny it as "fake news". What gives? What's your problem with being confronted with the facts?
Secondly, nobody said anything was fundamental. If the market were transparent, then the fundamentals could be determined. What we have is a manipulated market where the fundamentals are indeterminate because of lack of transparency. Why you defend this type of illicit behavior is perplexing, at best.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Why you defend this type of illicit behavior is perplexing, at best.
Simple. He's one of "them."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@Baley said:
Them hoard physical silver and paper trade volatile gold and silver derivatives for profit?!
If you control the paper shorts which keep the price low, then why not stock up on the real stuff at cheap prices knowing that you are the one controlling the price. If you continue to control the price your real stuff will be worth much, much more when you decide to raise the price. Sounds fairly simple (and highly illegal) to me. We know from experience that the regulators turn their head, so it's simply a matter of JPM deciding when prices will rise. With millions of ounces in their vaults they will at some point turn it for a huge profit.
The queen of credit derivatives, Blythe Masters set this play in motion while commodity director at JPM.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
What's fake is the hoopla surrounding it. You tout it as being a "fundamental" when it actually means nothing.....just like all the other fake and misleading stories that get pushed by PM bugs.
First, you complain that it's fake news. When confronted with documentation, it becomes "hoopla" and "misleading stories". JPM has been proven in court to have manipulated the silver market, yet you deny it as "fake news". What gives? What's your problem with being confronted with the facts?
Secondly, nobody said anything was fundamental. If the market were transparent, then the fundamentals could be determined. What we have is a manipulated market where the fundamentals are indeterminate because of lack of transparency. Why you defend this type of illicit behavior is perplexing, at best.
Documentation? You claim something is a fact, which it is, and I don't deny that. But you say un-allocated like it's missing or stolen, which couldn't be further from the truth. You twist and turn innocuous things into nafarious manipulation stories. That is the definition of fake news.
The market is completely transparent. Maybe if you take off those $hit colored glasses you would see it.
It's so easy to cry manipulation when one doesn't understand. It's an easy scapegoat.
What's great about that thinking is the longer youre wrong or fall behind, the stronger your beliefs become. It truly is a fascinating study of human psychology.
you say un-allocated like it's missing or stolen, which couldn't be further from the truth
I posted the definition of un-allocated and you've completely ignored that post. I said nothing about it being missing or stolen. What is your problem? Why do you insist on putting bogus words in my mouth?
The issue is having such a low inventory of metal that could easily be depleted to zero. Once that happens, it may put upwards pressure on the price. I only say "may put pressure on the price" because I honestly don't know how a zero balance of un-allocated metal will be handled, other than to go onto the market looking for more inventory.
Q: Are You Printing Money? Bernanke: Not Literally
And please hold back the profanity when attacking your fellow forum members.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@jmski52 said: you say un-allocated like it's missing or stolen, which couldn't be further from the truth
I posted the definition of un-allocated and you've completely ignored that post. I said nothing about it being missing or stolen. What is your problem? Why do you insist on putting bogus words in my mouth?
The issue is having such a low inventory of metal that could easily be depleted to zero. Once that happens, it may put upwards pressure on the price. I only say "may put pressure on the price" because I honestly don't know how a zero balance of un-allocated metal will be handled, other than to go onto the market looking for more inventory.
You really don't understand how this works. Try as I might, the ears are deaf.
@cohodk said:
you say un-allocated like it's missing or stolen, which couldn't be further from the truth.
"unallocated" adjective un·al·lo·cat·ed
definition of unallocated: precious metals that are sold on the promise that they actually exist somewhere in the vault. The purchase is for the promise, not the precious metal.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@cohodk said:
you say un-allocated like it's missing or stolen, which couldn't be further from the truth.
"unallocated" adjective un·al·lo·cat·ed
definition of unallocated: precious metals that are sold on the promise that they actually exist somewhere in the vault. The purchase is for the promise, not the precious metal.
So what's the big deal? Investors know how to pull their pants up. There is no shortage of supply, as what's desired is not the metal. Keep looking for the mountain and you will find a molehill.
The market for options and futures is vibrant, the participants have not desire or need of the physical. Take them out and prices would plummet as there is very little interest in the metal....especially when 900 million ounces hits the playground annually.
Paper to precious. . . it's that easy (as long as there is enough precious). Musical chairs anyone?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Gold seems tied to only one thing: uncertainty.
During the night Trump was elected gold was up ~ $60
I guess the lowest price the banks are in it (paper) is $1200?
Comments
I don't think some think they are "in on it". The thought is : they "are it".
Doesn't look like fake news to me.
What's fake is the hoopla surrounding it. You tout it as being a "fundamental" when it actually means nothing.....just like all the other fake and misleading stories that get pushed by PM bugs.
First, you complain that it's fake news. When confronted with documentation, it becomes "hoopla" and "misleading stories". JPM has been proven in court to have manipulated the silver market, yet you deny it as "fake news". What gives? What's your problem with being confronted with the facts?
Secondly, nobody said anything was fundamental. If the market were transparent, then the fundamentals could be determined. What we have is a manipulated market where the fundamentals are indeterminate because of lack of transparency. Why you defend this type of illicit behavior is perplexing, at best.
I knew it would happen.
Simple. He's one of "them."
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Now, derryb - he's never said exactly what he does, and I didn't want to go around maligning someone without knowing.
I knew it would happen.
The bad guys Them hoard physical silver and paper trade volatile gold and silver derivatives for profit?!
Wai... wha ?!? 🙄
Liberty: Parent of Science & Industry
If you control the paper shorts which keep the price low, then why not stock up on the real stuff at cheap prices knowing that you are the one controlling the price. If you continue to control the price your real stuff will be worth much, much more when you decide to raise the price. Sounds fairly simple (and highly illegal) to me. We know from experience that the regulators turn their head, so it's simply a matter of JPM deciding when prices will rise. With millions of ounces in their vaults they will at some point turn it for a huge profit.
The queen of credit derivatives, Blythe Masters set this play in motion while commodity director at JPM.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Baley, in your reference to bad guys, you left out the words "manipulate" and "busted for manipulation".
I knew it would happen.
Documentation? You claim something is a fact, which it is, and I don't deny that. But you say un-allocated like it's missing or stolen, which couldn't be further from the truth. You twist and turn innocuous things into nafarious manipulation stories. That is the definition of fake news.
The market is completely transparent. Maybe if you take off those $hit colored glasses you would see it.
Knowledge is the enemy of fear
It's so easy to cry manipulation when one doesn't understand. It's an easy scapegoat.
What's great about that thinking is the longer youre wrong or fall behind, the stronger your beliefs become. It truly is a fascinating study of human psychology.
Knowledge is the enemy of fear
you say un-allocated like it's missing or stolen, which couldn't be further from the truth
I posted the definition of un-allocated and you've completely ignored that post. I said nothing about it being missing or stolen. What is your problem? Why do you insist on putting bogus words in my mouth?
The issue is having such a low inventory of metal that could easily be depleted to zero. Once that happens, it may put upwards pressure on the price. I only say "may put pressure on the price" because I honestly don't know how a zero balance of un-allocated metal will be handled, other than to go onto the market looking for more inventory.
I knew it would happen.
Sure it is. LOL Maybe your brain is transparent.
And please hold back the profanity when attacking your fellow forum members.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
F U.
Haha
Knowledge is the enemy of fear
You really don't understand how this works. Try as I might, the ears are deaf.
Knowledge is the enemy of fear
now with 75% less profanity
"unallocated" adjective
un·al·lo·cat·ed
definition of unallocated: precious metals that are sold on the promise that they actually exist somewhere in the vault. The purchase is for the promise, not the precious metal.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
So what's the big deal? Investors know how to pull their pants up. There is no shortage of supply, as what's desired is not the metal. Keep looking for the mountain and you will find a molehill.
The market for options and futures is vibrant, the participants have not desire or need of the physical. Take them out and prices would plummet as there is very little interest in the metal....especially when 900 million ounces hits the playground annually.
Knowledge is the enemy of fear
Those $1500 apples sure seem precious. Go figure. Must be the plastic.
Goldman and JPM taking unusually high delivery of COMEX gold
Paper to precious. . . it's that easy (as long as there is enough precious). Musical chairs anyone?
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I bought gold today.
The dollars involved breathed a sigh of relief.
I knew it would happen.
Gold seems tied to only one thing: uncertainty.
During the night Trump was elected gold was up ~ $60
I guess the lowest price the banks are in it (paper) is $1200?