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overtheedge
Member since May 2012
680 commentaries - 6 followers

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Libor, Euribor, ISDAfix, Energy Prices, Gold Spot Prices... What If All Prices Were Manipulated ?

- Philippe Herlin - GoldBroker

I'm calling you out.

The central bank has held prices down.
How does $37/lb cabbage sound to you?
In my area of Alaska, current price is about $1.50/lb.

It ain't the central bank. It is government spending far more than than taxes bring in that is the problem.
No, I stand corrected. It is politicians attempting to protect fools from their own folly in order to garner votes.

Of course all markets are manipulated.
Always have been, always will be.
In a few months, cabbage will be $2.00/lb. I can wait for the additional $0.25/lb extra. If we assume 100 lbs to sell, I could earn an additional $25.
Every producer, service provider and lender manipulates the market even if it is only locally.

Do you require additional tutoring? If so, my price is $842/hour. But if you reply in the next 24 hours, I will offer this at the low, low hourly rate of $500/hour.
What is your hourly rate?

Commented 4129 days ago

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Beginning of the headline :We are now familiar with the Libor manipulation scandal, which extends into other related rates, like Euribor. More recently, we’ve seen the ISDAfix, the reference rate for rates derivatives, make the headlines for the same reasons : large banks getting together to manipulate it. Not too long ago, we learned that JP Morgan and Barclays were accused of manipulating energy prices. The price of gold has been falling for a few months, due to « paper » gold selling, while physical gold buying is on t... Read More

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