Metals don’t manipulate
A COMMENT: Marty; On Thursday, two former Merrill Lynch traders were sentenced to a year and one day in prison for manipulating the precious metals markets, the US Justice Department said. Of course ————, who is always bullish on metals, claims that they moved metals in “the direction they wanted from 2008 to 2014.” It just seems like people claim it’s always manipulation when they were wrong. They only look at gold in dollars because you said it’s a global market. They will also have to manipulate all currencies.
This latest case of so-called trading manipulation during the day proves what you were saying. They always aim for stops during the day, but they cannot manipulate the trend between a bull market or a bear market. Do you think people will ever understand that this is a global economy?
HD
REPLY: I know. If people weren’t really traders, they would never understand the market. They will blame such people to pretend that they were not wrong. The problem is that this manipulation nonsense drives the bet into the heart of the market. Trading is like playing poker. Do you reveal your hand before everyone starts betting? Sometimes you bluff, but the bottom line is that if you are bluffing, you must stand behind your bet.
The fact that someone accuses this type of “manipulation” of being wrong demonstrates that they know nothing about investing as well as trading. The Department of Justice is now actively calling for the placement of large “parodyorders as manipulation. This is absurd and nothing more than a poker bluff. So in all markets Always functioned. In any case, everyone would know where the stops are. Sometimes they traded early, using stops as a risk point to get out of the trade, and sometimes they sold or bought to push the market through the stops when it was obvious that this was even possible.
When I was trading precious metals in the 90s, the biggest “local” dealer on the floor was Oni Morrison. He would doparody“orders all the time that I called”flashrates or offers. The difference was that he was good for it if he hit it. At one time I had a lot of gold and I wanted to leave because the computer predicted a crash was coming. But if you offer a thousand lots and the market goes down, everyone will read it and jump in front of you. So the Hunts went bankrupt. The Khanty did not know how to trade. Just like in poker, you can’t show your hand and expect to bet.
They would doflashrates or offers. I told my broker not to offer anything. I told him to just look at Oni and once he did 1000 flash buy – they say it’s done! Sure enough, They tried to push the market back up, and he did one of his famous flash rates per 1000 lots. My broker Emerald Trading immediately said:MADE!They did it again and they said “MADE!” He did again fashion for 1000 and again said “MADE!” Here it is. They were full and everyone started selling when the metals dropped.
This is how you should trade SIZE. This is the basis of trading in all markets, because it’s all just a game of poker. To call nowparody“Trade manipulation is simply unacceptable. It’s a completely different thing when you don’t have support. This would be a scam and an attempt to manipulate the market at that time without changing the overall trend. But when you have the backing to carry out your “fake”, it’s just an “instant” bid or offer that you have to stand behind when it hits the mark. It’s just trading.
It is complete nonsense to pretend that these guys manipulated the entire market. It’s just absurd. Even the central bank cannot manipulate the economy. You can notmanipulate“The countertrend market for everything is connected. This caused the Panic of 1893 when Silver Democrats overpriced silver. The Europeans went to arbitration and dumped the silver in the US, and the gold was taken back to Europe. This resulted in JP Morgan having to arrange a $100 million gold loan to bail out the treasury. This alone proved that you I CAN NOT manipulate ANY the market is against its trend, because it will be considered internationally – simply and clearly.
Gold trading around the world on different exchanges is carried out by arbitrage. You can’t have gold at $20 in one market versus another. It will immediately be considered in arbitration. Those who claim it asproof“That the metals were manipulated so they didn’t pull together and why they were wrong is the fools who were separated from the money. They will never understand the markets and will never be able to see beyond the tip of their nose. It will immediately be considered in arbitration.
This was precisely the collapse of the Soloman brothers. They bid in the Treasury auction using false names to fool the market. They were caught and the firm was closed. I have known PhiBro since the 70s and 80s. They bought Solomon Brothers and brought this style of trading from the Wall Street pits.
It’s the gold bugs’ excuse that the metals actually were”manipulated” in their long-term trend shows their hopeless ignorance about the markets and how they even trade. Eat NOBODY who could do such a thing for anything related. As soon as the dollar rises, metals in terms of foreign currency will be so overvalued that they will all be sold, and eventually they will go bankrupt in the same way that the Silver Democrats bankrupted the country by overvaluing silver.
When trading internationally, with clients in all currencies, we must look at each market in terms of their currency to determine whether they have made a profit or a loss. Anyone who claims that the metals have been manipulated and therefore not rallied is obviously oblivious to the world around them.
Gold does NOT rise with inflation is the slogan of a used car dealer. Gold rises in times UNCERTAINTY towards the government. During a war it goes up because it is NEUTRAL and you don’t bet on who will win.
All we hear is that debt is rising and so gold is going to explode. Again, they offer no evidence for their sophistry because there is no such evidence. Gold has been declining for 19 years, while the national debt has grown endlessly.
Also, there is a myth about interest rates and gold that higher rates are bearish and lower rates are bullish. Well, interest rates peaked in 1981 and declined in 1994 before starting to rise slightly in 1995. However, then compare this myth with the behavior of the dollar. There, the dollar rose to a record high in 1985 but then fell for 10 years until 1995, while gold fell until 1999.
So now let’s look at gold between 1980 and 200 in Swiss francs and British pounds. We immediately see that gold bottomed out in 1985 in Swiss franc terms. In terms of British pounds, gold did not fall until 1999.
People come up with theories all the time. However, they always try to reduce everything to one cause and effect. They do it with climate change. They tell the world that it is CO2 that has changed the climate, without paying attention to anything else.
The world we live in is not only complex, but so dynamic that it seems that no one can correctly predict the future with “I thinkscenario. Sometimes they will be right, and sometimes they will be wrong. They usually fail because they try to reduce the world to one cause and effect.