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<p>[QUOTE="desertgem, post: 2100980, member: 15199"]Of course it is manipulated , every commodity is as the market is made by offsetting buy and sell orders, just like is happening with the upcoming Mayweather- Picquiao fight. If someone wants to bet a million on Mayweather, the odds have to change to offset any loss by the oddsmakers and visa versa. If someone buys future long options on gold or silver, the base price has to change up, and visa versa. Margins also will change as the amount of borrowed money goes up compared to the true money ( full price demanded for delivery options). Retailers call it manipulation but the PM pros , bullion wholesalers, marketmakers, etc. calls it business as normal. The only thing that can throw a monkey wrench into it, is a black swan event such as unexpected wars, volcanoes, earthquakes, 10%+ rise of the USD, etc. of such magnitude to prevent the normal and regular retail buy/sell ratios.</p><p><br /></p><p>The large gold companies such as GoldCorp, Barrick, etc. spend money during time they expect gold price to go down to try and consolidate and 'vulturize' smaller companies that will be cash strapped. If you read stock reports you can find out when this is occurring, the POG will drop relatively. When it stops, expect the big increase to come about a year or two later. Many base their decisions on just the spot price of gold~ Wrong. The wholesellers look at the number of long/short contracts to predict where gold is going. Yea for manipulation! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2100980, member: 15199"]Of course it is manipulated , every commodity is as the market is made by offsetting buy and sell orders, just like is happening with the upcoming Mayweather- Picquiao fight. If someone wants to bet a million on Mayweather, the odds have to change to offset any loss by the oddsmakers and visa versa. If someone buys future long options on gold or silver, the base price has to change up, and visa versa. Margins also will change as the amount of borrowed money goes up compared to the true money ( full price demanded for delivery options). Retailers call it manipulation but the PM pros , bullion wholesalers, marketmakers, etc. calls it business as normal. The only thing that can throw a monkey wrench into it, is a black swan event such as unexpected wars, volcanoes, earthquakes, 10%+ rise of the USD, etc. of such magnitude to prevent the normal and regular retail buy/sell ratios. The large gold companies such as GoldCorp, Barrick, etc. spend money during time they expect gold price to go down to try and consolidate and 'vulturize' smaller companies that will be cash strapped. If you read stock reports you can find out when this is occurring, the POG will drop relatively. When it stops, expect the big increase to come about a year or two later. Many base their decisions on just the spot price of gold~ Wrong. The wholesellers look at the number of long/short contracts to predict where gold is going. Yea for manipulation! :)[/QUOTE]
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