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<p>[QUOTE="medoraman, post: 1172665, member: 26302"]Sometimes maybe I am just naive, but to me I don't see any manipulation or conspiracy, I see a lot of emotions in PM trading. I also believe silver probably got the attention of some hedge funds which we will never know about for a year or more and part of the price could have been their action, and that action may not be over. I guess I do believe in "hot money" affecting this market, but don't buy into banks intentionally keeping this market lower.</p><p><br /></p><p>Think about it, if a bank or group of banks is the market maker for a market, what is their motive for keeping prices low? They are the market maker, they make their money by activity in the marketplace. They can protect themselves to the low or high side of the market, they are simply interested in activity. How does that translate into them making money by forcing the PM market lower than it otherwise would be? This is brought up a lot at PM sites, I have just never had them explain to me why a market maker would care about the market level given that they can hedge up or downside risk.</p><p><br /></p><p>Is this supposed to be some huge conspiracy to bankrupt PM miners? To "steal" PM from consumers? What?</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1172665, member: 26302"]Sometimes maybe I am just naive, but to me I don't see any manipulation or conspiracy, I see a lot of emotions in PM trading. I also believe silver probably got the attention of some hedge funds which we will never know about for a year or more and part of the price could have been their action, and that action may not be over. I guess I do believe in "hot money" affecting this market, but don't buy into banks intentionally keeping this market lower. Think about it, if a bank or group of banks is the market maker for a market, what is their motive for keeping prices low? They are the market maker, they make their money by activity in the marketplace. They can protect themselves to the low or high side of the market, they are simply interested in activity. How does that translate into them making money by forcing the PM market lower than it otherwise would be? This is brought up a lot at PM sites, I have just never had them explain to me why a market maker would care about the market level given that they can hedge up or downside risk. Is this supposed to be some huge conspiracy to bankrupt PM miners? To "steal" PM from consumers? What? Chris[/QUOTE]
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