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<p>[QUOTE="Cloudsweeper99, post: 1007692, member: 3011"]I think the difference is that with silver in particular, even a single mid-sized institution can successfully manipulate the price through the futures market unless prevented by regulation. For example, all of the silver in all of the Comex warehouses amounts to less than $3billion. This is peanuts, and invites manipulation unless the regulators are on the job. The 700 million ounces of annual silver production only amounts to about $15billion. The Vanguard mutual fund company owns over $10billion of Exxon common stock alone. These are not large numbers anymore in the world markets.</p><p><br /></p><p>Other markets like wheat or oil are too large and liquid for a single player to manipulate. Even OPEC lost the ability a long time ago to make price changes stick. And no single shipping company can control world-wide shipping rates. Airlines also tend to be price-takers, not price makers. If this was not the case, they wouldn't be perennial money losers. To the best of my knowledge, no trading company in the world can manipulate the price of the US dollar. It takes central bank sized resources to do that. The list goes on and on.</p><p><br /></p><p>I think you are confusing the definition of manipulation with normal price setting that all companies do to maximize profits and market share. So now it is time for you to do the usual word-dance and twist definitions to prove your point. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1007692, member: 3011"]I think the difference is that with silver in particular, even a single mid-sized institution can successfully manipulate the price through the futures market unless prevented by regulation. For example, all of the silver in all of the Comex warehouses amounts to less than $3billion. This is peanuts, and invites manipulation unless the regulators are on the job. The 700 million ounces of annual silver production only amounts to about $15billion. The Vanguard mutual fund company owns over $10billion of Exxon common stock alone. These are not large numbers anymore in the world markets. Other markets like wheat or oil are too large and liquid for a single player to manipulate. Even OPEC lost the ability a long time ago to make price changes stick. And no single shipping company can control world-wide shipping rates. Airlines also tend to be price-takers, not price makers. If this was not the case, they wouldn't be perennial money losers. To the best of my knowledge, no trading company in the world can manipulate the price of the US dollar. It takes central bank sized resources to do that. The list goes on and on. I think you are confusing the definition of manipulation with normal price setting that all companies do to maximize profits and market share. So now it is time for you to do the usual word-dance and twist definitions to prove your point. ;)[/QUOTE]
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