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Gold Price Manipulation by JP Morgan!
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<p>[QUOTE="GoldFinger1969, post: 4913748, member: 73489"]<b><i><span style="color: #ff0000">They are not "manipulating" anything. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></span></i></b></p><p><br /></p><p><b>First of all, they largely are acting as an AGENT for other investors</b> (i.e., hedge funds). They're not taking a position for their own trading account.</p><p><br /></p><p><b>Second, if they DID take a position in their trading account, the regulators would strangle them. </b> I am talking the Federal Reserve and FDIC. So forget the conspiracy nonsense.</p><p><br /></p><p><b>Third, price discovery occasionally means you will run afoul of some arcane regulatory morass.</b> It doesn't mean you are manipulating the price. JPM couldn't manipulate the price even if they wanted to -- they don't control enough of the metal. Only central banks can do that.</p><p><br /></p><p>It's funny that the folks who are always screaming "manipulation" are usually on the opposite side of the price move at that time.<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4913748, member: 73489"][B][I][COLOR=#ff0000]They are not "manipulating" anything. :D[/COLOR][/I][/B] [B]First of all, they largely are acting as an AGENT for other investors[/B] (i.e., hedge funds). They're not taking a position for their own trading account. [B]Second, if they DID take a position in their trading account, the regulators would strangle them. [/B] I am talking the Federal Reserve and FDIC. So forget the conspiracy nonsense. [B]Third, price discovery occasionally means you will run afoul of some arcane regulatory morass.[/B] It doesn't mean you are manipulating the price. JPM couldn't manipulate the price even if they wanted to -- they don't control enough of the metal. Only central banks can do that. It's funny that the folks who are always screaming "manipulation" are usually on the opposite side of the price move at that time.:D[/QUOTE]
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