The ASX is heavily manipulated for the following reasons:1)...

The ASX is heavily manipulated for the following reasons:

1) Undisclosed Short selling is allowed and not required to be treated as a capital gain by the ATO
2) No stamp duty is charged on shares unlike real assets
3) Foreigner investors are allowed to sell capital gains tax free if they own less than ten percent of a company
4) Super funds don't have to seek proxies from their members - they just decide
5) The same super funds don't have to have board elections unlike the companies they own
6) Top 20 holdings aren't reported on a look through basis allowing nominees to be listed instead.
7) Industry funds collude to use the same proxy advisor

Then there is the plunge protection team (google the term) which was set up to stop the stock markets from crashing, not to mention price manipulation of money by unelected central banks who refuse to hand over minutes of meeting to elected politicians. On top of that we have universities brainwash their commerce students that markets are efficient when they are not. Example being that other goldies producing circa 260,000 unhedged ounces of gold are valued more than twice the value of VAU.

The fact that you accused me of sprouting conspiracy theories says more about you than me. I clearly touched a nerve that you tried to dismiss by smearing. A sure sign you have lost the debate. I have no idea of why you resorted to such childish behaviour unless you are a fund manager that benefits from some of these rules. Remaining hedges are 5% of known reserves excluding the millions in indicated resources. It is not the reason for the supressed share price.

Happy to debate this with you on a public forum anytime with full disclosure of who we are and our positions. I know who the people will believe.

The ASX is a rigged incestuous casino dominated a small handful of insiders. The idea that fund managers don't know what other mangers are up to and who is buying what is absurd.

GLTA/IMHO