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overtheedge
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Don't Get Too Excited about the U.S. Probe of Gold Price Manipulation

- James West - Midas Letter

Every commodity has its own cartel(s). They exist because they are efficient marketing mechanisms. These cartels are NOT the problem.

The problem exists when buyers have no intent on taking delivery and the sellers have no capacity to fill the order.

Now compound this problem with the ability to trade these same commodities on a minute by minute basis or faster in the case of HST.

But don't you fret none. Physical for delivery will see the premiums rise until the "not-for-delivery" market collapses.

Commented 4259 days ago

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Beginning of the headline :Yesterday, the Commodity Futures Trading Commission, the regulator who ostensibly regulates the banks and major financial institutions who participate in the futures and commodities trading business, announced they were going to examine whether prices are being manipulated in the ?world?s largest gold market?, according to a story in the Wall Street Journal.For long time observers of the gold price and the fundamental and not-so-fundamental influences on its price movements, the announcement mig... Read More

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