it's not MANIPULATION, normal folks simply don't care about silver or gold ... it's just the goldbugs and their kids ...
XAU/USD & XAG/USD - Gold & Silver Traders Thread
i did it , how much you are sure it is going to happen?, if i lose my trade you have to pay for it . just kidding.i agree with you about the bounce. but i think it will bounce from either 26.2 or if it go more down than 24.95. after that 22.9, it can even go down to 19.75. sum it all in one word = MANIPULATION, they need to close their huge short positions in profit then with that profit they are going to buy silver. thats the plan. anything can happen. you should post a chart to back your opinion. here is my chart. {image}
The important thing to remember silver, and gold, is that they have extraction costs. All these costs are affected by inflation (keep mining, machinery, staff, etc ...) when prices fall to a certain level is prohibitive extraction work, miners simply decrease the production, which raises the price by next month .
This is a manipulation? Maybe, but understand that from a certain price down is impossible to maintain the business. All graphic price of goods tends to be the long term, a parabola upwards through it.
The analysis technique will give you the time that it happens, but the fundamentals are also important, especially dealing with commoditys prices.
O importante a lembrar da prata, e do ouro, é que eles tem custo de extração. Todos esses custos são afetados pela inflação (manter mineradoras, maquinario ,funcionarios, etc...) Quando os preços descem a um certo nivel fica proibitivo o trabalho de extração, as mineradoras simplesmente diminuem a produção, o que eleva o preço pelos proximos meses.
Isso é uma manipulação ? Talvez, mas entenda que a partir de um certo preço para baixo fica impossivel manter o negocio. Todo grafico de preço de mercadorias tende a ser, a longo prazo, uma parabola para cima por isso.
A analise tecnica vai dar a você o momento que isso acontece, mas os fundamentos tambem são importantes, ainda mais lidando com preços de commoditys.
- #23,187
- Apr 3, 2013 7:18am Apr 3, 2013 7:18am
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
good time to long folks. wait till daily close. if candle is a pinbar then good time to go long.
iam already long ast 1572
iam already long ast 1572
- #23,190
- Edited 10:49am Apr 3, 2013 10:35am | Edited 10:49am
ha, demand obviously doesn't outpace supply or prices would be going up ... rofl ... economics 101
You should check out the Sprott piece I posted. Where does his math falter?
Paper manipulation (through swaps of non-existent metal, as well as for PMs that are not actually for sale) is the reason behind the falling price and there is a fair amount of data to support this assertion. The Fed actively promotes the fact that it is willing to intervene in the markets to promote stabilization (really, to promote prices for assets that they prefer). Although this sounds like big brother is looking after our interests, it isn't so simple. When certain banks profit from these activities, it begins to look like fraudulent activity.
Gold imports are actually up, not down. Selling gold without actually selling gold is what is driving the price down. There is no rational justification for price action although analysts will cite figures based on swaps.
Next you are going to tell me that the price of the USD or the Euro is the result of supply and demand rather than central bank intervention. You are hilarious.
- #23,191
- Apr 3, 2013 10:49am Apr 3, 2013 10:49am
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #23,193
- Apr 3, 2013 12:21pm Apr 3, 2013 12:21pm
- | Joined Jun 2010 | Status: The Villain | 2,565 Posts
- #23,195
- Apr 3, 2013 9:23pm Apr 3, 2013 9:23pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #23,197
- Apr 3, 2013 10:18pm Apr 3, 2013 10:18pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
I expect a bounce shortly, but then more shorts being put on.
And then subsequent additional cries of market manipulation.
Unless I am wrong and price moves higher then all is right with the world and no manipulation cries because everyone knows price is only under manipulation if it is going down. Can't happen going up.
And then subsequent additional cries of market manipulation.
Unless I am wrong and price moves higher then all is right with the world and no manipulation cries because everyone knows price is only under manipulation if it is going down. Can't happen going up.
- #23,198
- Apr 3, 2013 11:16pm Apr 3, 2013 11:16pm
- | Joined Feb 2013 | Status: IRFAN HASHIM | 107 Posts
good time to long folks. wait till daily close. if candle is a pinbar then good time to go long. iam already long ast 1572
U must have heart fail...
i think today its more down and will take a huge support 1531 and 1526 if not up from here
- #23,199
- Apr 3, 2013 11:25pm Apr 3, 2013 11:25pm
I expect a bounce shortly, but then more shorts being put on. And then subsequent additional cries of market manipulation.
http://online.wsj.com/article/SB1000...575462340.html
Love how these guys swear by the honest and legitimate process. If the same question came up regarding Libor before they were busted, we would get the same response. Without a smoking gun, nothing will change.
The value of currencies have always been manipulated, and we currently have very transparent efforts that are undeniable manipulation with targeted levels sought by central banks. On the OTC front, any small time trader makes a bet and before it is executed, a trading algorithm will respond and execute its own market order based on the original trader's position. Quoting Douglas Rushkoff a bit there, but this is ABC level stuff any trader should know.
This manipulation narrative does repeatedly come up when price is knocked down, and part of this is that many who ascribe to this view see a decline in PM prices as contrary to their interests. On the other hand, the last twelve years of PM price action demonstrate some funky business, whether price continues upward or whether banks and high level fund managers decide to crash the price downward irrespective of geopolitical factors.
It would be one of the most clear examples of an orchestrated asset bubble followed by a coordinated knock down if the former. But I say again, if the knock down is manipulation, then so would be the original 12 year run up.
