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COMEX scrambles for more real metal

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  • blitzdudeblitzdude Posts: 5,897 ✭✭✭✭✭

    Better hurry up and "Git sum now!!!" Oh these clowns. 50 years later and the story is still the same. lol

    The whole worlds off its rocker, buy Gold™.

  • AzurescensAzurescens Posts: 2,747 ✭✭✭✭✭

    Well, yeah, the whole market is a con and I'm sure much more sh> @derryb said:

    >
    >

    Prices will remain artificially low as to not incite panic or upset the market.

    ^ "The beatings will continue until morale improves."

    Metals markets snapping in half is going to be spectacular compared to things like student loans, health care, education etc. I mean this regardless of my position; I'd be sitting on the edge of my seat right now if I didn't have any metals, cheering all you dudes on.

    I hope people have the emotional and financial stability to keep up the good work.

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    edited September 11, 2020 4:11AM

    100 years later and the story is still the same. lol

    "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

  • AzurescensAzurescens Posts: 2,747 ✭✭✭✭✭

    It's crazy all the stuff that never happens is happening, and all the stuff people are testifying to prosecutors that happened, never happened.

    Strangers on the internet weren't there personally helping these people fix gold. So it must have never happened.

    This is how disinformation campaigns attempt to exhaust you.

  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭

    a campaign?

    spoofing does not hold prices down or up. it simply moves them for a fleeting moment for a better fill. after all that time spoofing on PM trading operation only made less than $12 million dollars.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,824 ✭✭✭✭✭

    @MsMorrisine said:
    a campaign?

    spoofing does not hold prices down or up. it simply moves them for a fleeting moment for a better fill. after all that time spoofing on PM trading operation only made less than $12 million dollars.

    pushing prices in one direction via spoofing initiates price momentum that likely triggers buy/sell decisions by law abiding players.There is no way to know how much profit has been generated from spoofing; we do not know how long it has been going or how prevalent it is in the market. We do know it is not limited to the the precious metals futures market.

    "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

  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭
    edited September 23, 2020 8:23AM

    https://forums.collectors.com/discussion/comment/12714632/#Comment_12714632

    criminal disgorgement ($11,828,912)

    that's the government taking back ill gotten gains

    Add four more traders and another major bullion bank to the growing list.
    Bank of Nova Scotia agrees to $60 Billion manipulation fine.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,824 ✭✭✭✭✭

    @MsMorrisine said:
    https://forums.collectors.com/discussion/comment/12714632/#Comment_12714632

    criminal disgorgement ($11,828,912)

    that's the government taking back ill gotten gains

    the ones it knows about.

    "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

  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭

    Using a word such as "likely", followed by the phrase "do not know" twice, does not instill confidence in those you wish to convert.

    However, I do understand the basis of the arguement is weak and you are trying your best. A house is only as strong as the materials used.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭

    @derryb said:
    pushing prices in one direction via spoofing initiates price momentum that likely triggers buy/sell decisions by law abiding players.

    the amount moved is small. these manipulated moves are to get better fills.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • derrybderryb Posts: 36,824 ✭✭✭✭✭

    @Azurescens said:

    Always remember, there have been innumerable people who have come out and admitted to being "online moderators" e.g., shills for these metals companies and banks. They are put on payroll to suppress other peoples opinions and lay out disinformation campaigns.

    Guess I'm a shill for the stacker and free market advocates as well as today's conspiracy theory that becomes tomorrow's fact. My posts seem to often attract the "shills for these metals companies and banks." I like arguing with them and proving them wrong.

    "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

  • blitzdudeblitzdude Posts: 5,897 ✭✭✭✭✭
    edited March 20, 2022 3:32PM

    @derryb said:

    @Azurescens said:

    Always remember, there have been innumerable people who have come out and admitted to being "online moderators" e.g., shills for these metals companies and banks. They are put on payroll to suppress other peoples opinions and lay out disinformation campaigns.

    Guess I'm a shill for the stacker and free market advocates as well as today's conspiracy theory that becomes tomorrow's fact. My posts seem to often attract the "shills for these metals companies and banks." I like arguing with them and proving them wrong.

    I will be the first to attest, you have been wrong for multiple decades, maybe one day you will finally be right, Good Luck!

    PS Comex is a paper puppet, they don't need physical metal. The can always settle in toilet paper. RGDS!!

    The whole worlds off its rocker, buy Gold™.

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    edited March 21, 2022 11:02AM

    @blitzdude said:

    @derryb said:

    @Azurescens said:

    Always remember, there have been innumerable people who have come out and admitted to being "online moderators" e.g., shills for these metals companies and banks. They are put on payroll to suppress other peoples opinions and lay out disinformation campaigns.

    Guess I'm a shill for the stacker and free market advocates as well as today's conspiracy theory that becomes tomorrow's fact. My posts seem to often attract the "shills for these metals companies and banks." I like arguing with them and proving them wrong.

    I will be the first to attest, you have been wrong for multiple decades, maybe one day you will finally be right, Good Luck!

    You mean like how I was wrong to, for all these years, recommend silver eagles as the correct choice when buying physical silver. LOL

    Or, before the huge price spikes, how I suggested uranium and lithium as good investments?

    Sure, I've been wrong on timing with how soon silver will go to the moon, but the moon ain't going nowhere. Believing fundamentals still drove markets I simply underestimated COMEX's dominant control over spot price just as the FED took control of the stock market. COMEX disruption will be required just as FED disruption (rising interest rates) is now showing up in equity prices. Uncertainty, supply chain issues, world reserve currency destruction will drive physical PM demand beyond COMEX limits to control. Patience will be rewarded.

    "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

  • blitzdudeblitzdude Posts: 5,897 ✭✭✭✭✭

    @derryb said:

    @blitzdude said:

    @derryb said:

    @Azurescens said:

    Always remember, there have been innumerable people who have come out and admitted to being "online moderators" e.g., shills for these metals companies and banks. They are put on payroll to suppress other peoples opinions and lay out disinformation campaigns.

    Guess I'm a shill for the stacker and free market advocates as well as today's conspiracy theory that becomes tomorrow's fact. My posts seem to often attract the "shills for these metals companies and banks." I like arguing with them and proving them wrong.

    I will be the first to attest, you have been wrong for multiple decades, maybe one day you will finally be right, Good Luck!

    You mean like how I was wrong to, for all these years, recommend silver eagles as the correct choice when buying physical silver. LOL

    Or, before the huge price spikes, how I suggested uranium and lithium as good investments?

    Sure, I've been wrong on timing with how soon silver will go to the moon, but the moon ain't going nowhere. Believing fundamentals still drove markets I simply underestimated COMEX's dominant control over spot price just as the FED took control of the stock market. COMEX disruption will be required just as FED disruption (rising interest rates) is now showing up in equity prices. Uncertainty, supply chain issues, world reserve currency destruction will drive physical PM demand beyond COMEX limits to control. Patience will be rewarded.

    Don't hold your breath. But Good Luck! RGDS!!

    The whole worlds off its rocker, buy Gold™.

  • meluaufeetmeluaufeet Posts: 764 ✭✭✭

    CFTC Orders JPMorgan to Pay Record $920 Million for Spoofing and Manipulation
    September 29, 2020

    The order finds that, from at least 2008 through 2016, JPM, through numerous traders on its precious metals and Treasuries trading desks, including the heads of both desks, placed hundreds of thousands of orders to buy or sell certain gold, silver, platinum, palladium, Treasury note, and Treasury bond futures contracts with the intent to cancel those orders prior to execution. Through these spoof orders, the traders intentionally sent false signals of supply or demand designed to deceive market participants into executing against other orders they wanted filled. According to the order, in many instances, JPM traders acted with the intent to manipulate market prices and ultimately did cause artificial prices.

    https://www.cftc.gov/PressRoom/PressReleases/8260-20?msclkid=45c1f811a98211eca969a334024d6872

  • MsMorrisineMsMorrisine Posts: 33,088 ✭✭✭✭✭

    Old news

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭

    after all that time spoofing on PM trading operation only made less than $12 million dollars.

  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭
    edited March 22, 2022 4:26AM

    @derryb said:

    @blitzdude said:

    @derryb said:

    @Azurescens said:

    Always remember, there have been innumerable people who have come out and admitted to being "online moderators" e.g., shills for these metals companies and banks. They are put on payroll to suppress other peoples opinions and lay out disinformation campaigns.

    Guess I'm a shill for the stacker and free market advocates as well as today's conspiracy theory that becomes tomorrow's fact. My posts seem to often attract the "shills for these metals companies and banks." I like arguing with them and proving them wrong.

    I will be the first to attest, you have been wrong for multiple decades, maybe one day you will finally be right, Good Luck!

    You mean like how I was wrong to, for all these years, recommend silver eagles as the correct choice when buying physical silver. LOL

    Right as opposed to what? Someone who purchased 100oz bars has realized similar, it not better returns.

    But i suppose the desire to "be right" is the narcissist in you?

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭

    @meluaufeet said:
    after all that time spoofing on PM trading operation only made less than $12 million dollars.

    And after the "spoofing" stopped in 2016, silver still languished which certainly is indicative of the practice not holding the price at artificially low levels.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    edited March 22, 2022 5:01AM

    .

    @cohodk said:

    But i suppose the desire to "be right" is the narcissist in you?

    My correction of a negative post directed at me is not narcissism.

    Don't worry, you still the best, smartest and brightest here and of course, you have the biggest hands. Hopefully others will chime in with praise for you so you can feel like the winner you desire so bad to be.

    "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

  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭

    The love is indeed much appreciated.

    Thank you. ❤❤❤

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • blitzdudeblitzdude Posts: 5,897 ✭✭✭✭✭

    @MsMorrisine said:
    Old news

    It's like Groundhog Day. Decade after decade.......but this times different. SMH!

    The whole worlds off its rocker, buy Gold™.

  • meluaufeetmeluaufeet Posts: 764 ✭✭✭

    I never thought spoofing was intended to keep PM's down. That's not what the CFTC said. Maybe some think otherwise.

  • cohodkcohodk Posts: 19,129 ✭✭✭✭✭

    @meluaufeet said:
    I never thought spoofing was intended to keep PM's down. That's not what the CFTC said. Maybe some think otherwise.

    Several on this forum stated that PM prices were being artificially suppressed via manipulation and frequently cited these spoofing cases as evidence of that manipulation.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,824 ✭✭✭✭✭
    edited March 23, 2022 6:28AM

    Spoofing is used by traders to manipulate prices to increase their profits and is illegal. It is believed by many that it is also used by the large bullion banks to manipulate prices downward at the metals futures exchange at the behest of FED and Treasury officials who wish to keep the dollar strong. Remember, the price of gold is simply a refection of faith in the currency. Strong gold reflects bad dollar faith.

    "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

  • meluaufeetmeluaufeet Posts: 764 ✭✭✭

    I think Dodd-Frank (whistleblower provision) has done a pretty good job bringing sunlight into sometimes shady operations.

    https://www.whistleblower.gov/news

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