Another boring ZH article on gold manipulations - ho hum
roadrunner
Posts: 28,303 ✭✭✭✭✭
A different slant this time - FOMC meeting days
That's about as unmanipulative as Goldman Sachs not having a losing trading day for an entire quarter. The more I look at that bar graph it does look sort of random...lol.
Those negative bars get accentuated in those FOMC weeks when an Options Expiration or treasury auctions are occurring. That gives you a double or triple witching. This current week was double witching.
On double or triple witching FOMC meetings you can just about mail in the hit that gold is going to receive.
That's about as unmanipulative as Goldman Sachs not having a losing trading day for an entire quarter. The more I look at that bar graph it does look sort of random...lol.
Those negative bars get accentuated in those FOMC weeks when an Options Expiration or treasury auctions are occurring. That gives you a double or triple witching. This current week was double witching.
On double or triple witching FOMC meetings you can just about mail in the hit that gold is going to receive.
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But heck, really - I get better discounts at hotels just by asking.
I knew it would happen.
<< <i>It's FOMC 5% discount week? Good to know, if you're buying.
But heck, really - I get better discounts at hotels just by asking. >>
That 3-5% FOMC gold discount often translates to 6-10% on silver and miners. Good work if you can get it.
But this FOMC data sure looks tempting to play.
I knew it would happen.
<< <i>I'm thinking manipulation is for certain, short term. You cannot manipulate the trend. >>
Knowledge is the enemy of fear