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Something smells rotten

Discussion in 'Tin Foil Hat Lounge' started by Witch Doctor 01, Sep 23, 2011.

  1. Witch Doctor 01

    Witch Doctor 01 Mojo Maker

    The mind boggels...

    stocks are downby 600+ points oil is down and now... GOLD is down?
    something smells fishy... i wonder if some one is manipulating the PM market...

    what are your thoughts?
  2. enough

    enough Monkey++

    Did you see what silver did today? That stood out to me, more than gold loss.
  3. Falcon15

    Falcon15 Falco Peregrinus

    From a blog I read. This guy is on top of the Silver Market: From Silver Doc:

    My direct thoughts concur with those above. The PM prices are being driven down as big money dumps worthless paper, driving the price into the basement, maximizing their buying capability. They gain boat loads of fiat and immediately snatch up physical bullion at the now lower and lower prices.This, my friends is not conspiracy theory. It is basic economics.
    Gafarmboy and VisuTrac like this.
  4. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Yeah what he said. I'm in the same boat. It's get out of Electronic Commodities and into the real thing. Wishing i had FRN's to turn into PM's. Trying to reduce debt is hard enough at this time.

    Peace out!

    Naughty Monkey
  5. Pyrrhus

    Pyrrhus Monkey++

    People are selling PMs to cover their losses in the market. Don't fret-just be thankful for the opportunity to buy at a lower price. And be thankful that you aren't me. I bought silver eagles five days ago. Still, I don't buy for any reason other than to have for the future. So expensive is okay and cheap is wonderful.
    BTPost, VisuTrac and Falcon15 like this.
  6. UGRev

    UGRev Get on with it!

    a leak of a margin hike caused a huge sell off. read zerohedge.com
  7. Falcon15

    Falcon15 Falco Peregrinus

    Ugrev, that margin hike has been rumored for a good long while, and I find it exceptionally hard to believe that the "leak" got to more than a small percentage of the folks selling off. Either way something is indeed "fishy". Oh wait, that is right, the metals market is heavily manipulated.
  8. tulianr

    tulianr Don Quixote de la Monkey

    I'm no financial guru; but I come from a family of jewelers, and I returned to being a jeweler when I retired from the military. The PM markets affect me directly and personally every day. Therefore, I watch them closely.

    Something similar to what is happening now in the PM markets happened in 2007/2008. Gold erratically climbed all year until late summer, and when even the most risk-prone traders realized that the end of the run was approaching, a sell-off began. It lasted for a few weeks, until serious gold investors, knowing full well that gold ALWAYS climbs in the weeks preceding Christmas, began buying again, driving the price back up, and even higher.

    The PM markets are of course manipulated, but I don't see a conspiracy here; just self-fulfilling prophesies. The investors fear a drop, and sell; creating the drop. They assume an impending increase, and buy; creating a rise in price.

    I, personally, am hoping for another hundred dollar an ounce drop, at which point I will buy the sizing stock and findings that I have been putting off buying. I am then assuming that it will begin to rise, certainly by November; and I will ship my scrap for refining just before Christmas, which should be at near peak price.

    I watch the PM markets at: Live Gold, Silver, Platinum, Palladium Quote Spot Price Chart - Kitco
    and that site provides a great ability to research historical market movements and trends.
  9. beast

    beast backwoodsman

    ill stick to my brown and green gold (soil and crops)
    and my shiny bits of iron....lol
    when the world is trading gold for a meal, ill wind up with lots of the sh*t
    CaboWabo5150 likes this.
  10. UGRev

    UGRev Get on with it!

    it was an early leak that actually took place. Some big players got squeezed.
  11. Clyde

    Clyde Jet Set Tourer Administrator Founding Member


    I thought I had a gnat on my screen......I totally fell for the new avatar.
    Falcon15 likes this.
  12. UGRev

    UGRev Get on with it!

    That's one! :)
    Falcon15 likes this.
  13. STANGF150

    STANGF150 Knowledge Seeker

    He ain't only one to try swatting his monitor =X
  14. UGRev

    UGRev Get on with it!

    Ahh. so much fun.. That's two!! :)
    Falcon15 likes this.
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