GOLD 0.51% $1,391.7 gold futures

Some thoughtsa)gold stocks producers are being heavily...

  1. cya
    3,836 Posts.
    Some thoughts

    a)gold stocks producers are being heavily manipulated by hedge funds who bid up the stock, short it and then bid it down in a cyclical manner

    Here is a rare snapshot into JP Morgans trading of SGX check the spread sheet at the end and then compare to the historic price movements

    http://aspect.comsec.com.au/asxdata/20080207/pdf/00810026.pdf

    Autobots trade SGX all day everyday JP look to be doing it in via 4 related parties

    "JFCP" = JF Capital Partners Limited
    "HCM" = Highbridge Capital Management, LLC.
    "JPMWF" = J.P. Morgan Whitefriars Inc.
    "JPMSAL" = J.P. Morgan Securities Australia Limited
    "JPMSL" = J.P. Morgan Securities Limited


    Note the large "transfer in" with over 5% of the stock they are arbitraging their short and long positions to determine price and basically sell down to their short , hence we have a good gold company thats price drops without explanation in the middle of a USD gold rise.

    This creates investor fatigue with the average punters, buy SGX on a gold price rise and it goes down.

    How many other large gold producers are having their price manipulated by the likes of JP Morgan ?
 
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