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U r spot on. The most maipulated commodity in the market - it...

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insaf

10,354 Posts.

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25/10/16

20:00

Post #: 20115290
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Originally posted by All4One ↑

Anton
I dont agree, After watching and being in goldies for years I have to say the POG is definatly being supressed by NY and London. Even banks have been caught fixing the price and had to leave the LBMA.
Its no secret at all.
I havent lost money thinking that the gold market is controlled, I have lost money at times believing reports put out by companies.
The Chinese are not the only ones that want low prices Anton that is for certain.
The US wants to get rid of Gold all together and if you believe G.S. they have said that POG is not going over 1300usd and if it does it wont be for long. They are not predicting imo they are telling their books.

I invest in goldies because they have become a lot better at cutting their costs since the big smash a few years back and are now profitable at this level. The US wants lower POG to protect their Petro dollar. They have sanctioned whole countries from trading with Gold including but not limited to Iran and Russia.
How do they do this you ask. They do it because they have some control of banks and the financial system.
The US can sanction whole countries, how financial system, how?
The US wants a lower POG so it does not threaten their dollar and they do not want countries buying oil with Gold, they want countries to use the reserve currency which is ?
They make money on the reserve currency.

No amount of argument will change my mind on this.

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U r spot on. The most maipulated commodity in the market - it has immense history in relation to polotics and the monetary system.
I know serious traders who only day trade gold stocks as the pog manipulation can screw any viably chart.

BDR Price at posting: 46.0¢ Sentiment: Hold Disclosure: Held
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