Soggy Dollars
First, there’s a word for someone who buys gold in the hope its price will
rise. This word is not investor, but speculator.
Second, statistical anomalies cannot be asserted as proof of manipulation.
Also, the article is giving the reader the blueprint for a no-brainer way to
profit by the mistakes of the manipulators. If it were that easy, then people
would be doing it.
Third, with gold there is nothing to trust. Gold just is.
Which is rather the whole point. If market makers are scalping for
basis points, that may affect some hedge funds but it has no effect on you.
Can Investors Trust the New
Gold Fixing?
Pure Gold
Contango works the same way in oil as it does in gold. Speculators bid up
the price of oil in the futures market, and arbitrageurs buy spot crude to
carry it for them. The basis keeps widening as this trade occurs. The only
difference is that in gold, there’s always space in the warehouse. In the
case of crude, storage capacity is finite, expensive, and (we assume)
progressively more expensive. This article is written by someone who gets it.
Oil Prices Have Moved Into
‘Super Contango’
