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<p>[QUOTE="desertgem, post: 1324499, member: 15199"]With enough money and risk taking, manipulation of any financial factor can occur, but not for long if there is any force pushing the other side of the trade. If someone decides to try and push gold down $100 by themselves, they could do this by borrowing GLD stock and selling it short,over and over ;unless the demand for gold is there that enough someones says, I want gold at that price or better, then the short is stagnant. The more one shorts, they hope the tide turns downward, but if the demand is there, it won't. Eventually the short has to cover or they can lose everything. If the short guesses right, and there is no one who will step up, they can continue to drop the price. This is not manipulation, it is free exchange. People have the right to bet for their investment that a stock or commodity will go down rather than up. If enough want Gold at the going price, the price will increase. Options on GLD, SLV, etc. offset each other and should just be viewed as a side bet. We were down almost $300 from this year's peak $1923.70, where are all of the bullion bulls who were hoping for a drop so they could jump in? The volume lately is pitiful. </p><p><br /></p><p>The good news is that many gold bulls got more educated, and stopped believing the $5000 oz by end of this year, and didn't throw their money into a loss. It is not good to blame the direction something is going (like gold) on manipulation, most often it covers up the active reasons. </p><p><br /></p><p>I certainly am not saying the gold rush is over, I doubt it based on the geopolitical turmoil, The Euro squeeze, and such things as the problems in the BRIC nations ( especially China). This may be a minority opinion, but it is mine <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1324499, member: 15199"]With enough money and risk taking, manipulation of any financial factor can occur, but not for long if there is any force pushing the other side of the trade. If someone decides to try and push gold down $100 by themselves, they could do this by borrowing GLD stock and selling it short,over and over ;unless the demand for gold is there that enough someones says, I want gold at that price or better, then the short is stagnant. The more one shorts, they hope the tide turns downward, but if the demand is there, it won't. Eventually the short has to cover or they can lose everything. If the short guesses right, and there is no one who will step up, they can continue to drop the price. This is not manipulation, it is free exchange. People have the right to bet for their investment that a stock or commodity will go down rather than up. If enough want Gold at the going price, the price will increase. Options on GLD, SLV, etc. offset each other and should just be viewed as a side bet. We were down almost $300 from this year's peak $1923.70, where are all of the bullion bulls who were hoping for a drop so they could jump in? The volume lately is pitiful. The good news is that many gold bulls got more educated, and stopped believing the $5000 oz by end of this year, and didn't throw their money into a loss. It is not good to blame the direction something is going (like gold) on manipulation, most often it covers up the active reasons. I certainly am not saying the gold rush is over, I doubt it based on the geopolitical turmoil, The Euro squeeze, and such things as the problems in the BRIC nations ( especially China). This may be a minority opinion, but it is mine :) Jim[/QUOTE]
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