The Manipulation of Gold Prices

[bart]

Re: The Manipulation of Gold Prices

Actually I am not gold averse but what I cannot stand is that every time gold plunges people have an urge to concoct and spread conspiracy stories or making silly conclusions like because some gold coins on Ebay trade high it implies that the gold spot price is manipulated.

Is there another market you can name that has the spot and futures prices diverging as much as 20-30%, and for months?
Do you have an explanation for it?

Do you have an explanation for why silver is the only futures market where commercials have never been long?

I'm not saying that the entire gold & silver markets are nothing but manipulation, but rather that the evidence is rather strong that they are quite far from free markets, and that much actual evidence of manipulation or attempted control does exist.

[phirang]

Re: The Manipulation of Gold Prices

you want manipulated markets?

try US equities market: dow should be 6000.

[Rajiv]

Re: The Manipulation of Gold Prices

See my post on Failures to Deliver

[Tulpen]

Re: The Manipulation of Gold Prices

you want manipulated markets?

try US equities market: dow should be 6000.

The price of the Dow should be the price it is. It is a market with buyers and sellers. It is just silly to claim what a price in a free market should be. And remember the market can stay "wrong" longer than you can stay liquid.

[ThePythonicCow]

Re: The Manipulation of Gold Prices

1. The price of the Dow should be the price it is.
2. It is just silly to claim what a price in a free market should be.

I'll agree with point 2. Point 1 would seem to directly contradict this ;).

The question seems to be whether

A. the stock market is entirely and only a free and open market of buyers and sellers who are all participating fairly and in accordance with the rules properly imposed on the market in order to keep it a fair and open market, or

B. it is at least in part manipulated by parties who are supposed to be neutral parties, fair participants or uninvolved parties, such as

the very financial, market, rating and security agencies who form the infrastructure of the market, or

the U.S. Federal Government and the Federal Reserve who have no charter for such manipulations or whose charter expressly prohibits such manipulations, or

the more powerful ostensibly legitimate participants who are stretching and breaking the reasonable rules of participation, and abusing their power with would be regulatory, political, or news media agencies and organizations in order to protect and facilitate this abuse.

Indignantly expressing position A does not affectively refute allegations of position B, at least not in the view of this reader.