Gold price, page-2747

@14DM

dont know if you trade the US - but in past 3 months there's been a new manipulation in the oil market - at 1.30am each night oil is below $us50 there is a ~ .5% price spike

this typically drives the entire bourse up

however it ceased happening when the sp500 went above 2100. then it started up again 2 nights ago

my working assumption is that the FOMC and/or the US Strategic Oil reserve mgt group are using their federally mandated asset purchasing discretion to use oil price to drive oil up, reduce delinquencies on the oil patch + sustain the market


if thats right it suggest we;re going to be in a weird 'inversion' layer equity trading market until there's another shock that drives pricing back toward fundamentals

the good thing for gold/silver is that - if all the gunpowder is being used up on oil and general equities - and suppression of gold/silver will probably slip as a marginal asset class